Browsing: Pound weakness

The Sterling Yen cross has been a big mover in recent weeks, because not only the Pound got thrashed, but the Yen also strengthened simultaneously. Naturally, traders hop on board any trend that is clear! Here is you chart on Sterling Yen (GBP/JPY) with Elliot wave counts and comments

The sharp sell-off in GBP/USD this morning was on the back of comments from Bank of England Governor Mr. Mervyn…