GBP/JPY’s up trend continued last week but lost momentum after hitting 152.21. Initial bias is turned neutral first. The cross is now pressing 100% projection of 123.94 to 142.71 from 133.03 at 151.80 next and channel resistance. Break of 147.38 support will indicate short term topping and turn bias to the downside for correction. Nevertheless,
The post GBP/JPY Weekly Outlook appeared first on Action Forex.
GBP/JPY’s up trend continued last week but lost momentum after hitting 152.21. Initial bias is turned neutral first. The cross is now pressing 100% projection of 123.94 to 142.71 from 133.03 at 151.80 next and channel resistance. Break of 147.38 support will indicate short term topping and turn bias to the downside for correction. Nevertheless, […]
The post GBP/JPY Weekly Outlook appeared first on Action Forex.