GBP/JPY edged higher to 140.70 last week but upside momentum has been very unconvincing. Still, further rise is mildly in favor as long as 138.23 support holds. Current rebound from 133.03 would target a test on 142.71 high. On the downside, however, break of 138.23 will argue that the pattern from 142.71 is starting another
The post GBP/JPY Weekly Outlook appeared first on Action Forex.
GBP/JPY edged higher to 140.70 last week but upside momentum has been very unconvincing. Still, further rise is mildly in favor as long as 138.23 support holds. Current rebound from 133.03 would target a test on 142.71 high. On the downside, however, break of 138.23 will argue that the pattern from 142.71 is starting another […]
The post GBP/JPY Weekly Outlook appeared first on Action Forex.