GBP/JPY Weekly Outlook

GBP/JPY’s decline last week argues that corrective rebound from 133.03 has completed at 140.31. Initial bias is neutral this week first with another fall expected. Break of 137.19 will target 134.40 support to confirm this bearish case. However, on the upside, break of 138.86 minor resistance will turn bias back to the upside for 140.31
The post GBP/JPY Weekly Outlook appeared first on Action Forex.

GBP/JPY’s decline last week argues that corrective rebound from 133.03 has completed at 140.31. Initial bias is neutral this week first with another fall expected. Break of 137.19 will target 134.40 support to confirm this bearish case. However, on the upside, break of 138.86 minor resistance will turn bias back to the upside for 140.31 […]

The post GBP/JPY Weekly Outlook appeared first on Action Forex.

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