GBP/JPY dropped to 134.40 last week but quickly recovered. Initial bias is neutral this week first. As long as 137.83 resistance holds, further decline is in favor. Below 134.40 will target 133.03 support first. Break there will resume larger fall from 142.71 to 61.8% retracement of 123.94 to 142.71 at 131.11. In the bigger picture,
The post GBP/JPY Weekly Outlook appeared first on Action Forex.
GBP/JPY dropped to 134.40 last week but quickly recovered. Initial bias is neutral this week first. As long as 137.83 resistance holds, further decline is in favor. Below 134.40 will target 133.03 support first. Break there will resume larger fall from 142.71 to 61.8% retracement of 123.94 to 142.71 at 131.11. In the bigger picture, […]
The post GBP/JPY Weekly Outlook appeared first on Action Forex.