GBP/JPY clocks fresh three-year low

Omkar Godbole FXStreet Contributor

GBP/JPY cross dropped to a fresh three-year low of 144.99 after Betfair put implied probability of Brexit at 51%.

GBP selling gathered pace after the latest report showed ‘Leave’ running at 1,038,777 and ‘remain’ at 901,031.

The cross was rejected earlier today at 160.00 as early results showed ‘exit’ vote in lead. The lead has remained intact till now. The cross currently trades around 147.50 levels.

Major levels

On the lower side – 143.18

On the higher side – 151.64

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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