GBP/JPY forms double bottom and starts rising, a break above neckline now suggests new trend is up.
Read more … →The U.S. Dollar is probably peaking at the moment but its days at the top are numbered and the Japanese could stand to gain as a result according to an analyst at one of Europe's largest lenders.
Read more … →The daily chart shows the GBP/JPY pair declining in a steep bearish channel, and this impetus is likely to guide price action over coming days and weeks.
Read more … →Studies of the charts suggest the pair may have reversed the longer-term downtrend in the short-term and could now be on course to go higher.
Read more … →GBP/JPY stalls and starts to reverse at major trendline and our studies suggest the possibility of a recovery higher conditional on break of said trend line.
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