GBP/JPY is trading at 145.07 at the time of writing and is moving in volatile swings, but our technical studies suggest that once the noise of Brexit newsflow is removed the pair remains pointed hi…
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"There is little to suggest this is anything more than a pause for breath in the run higher" - Richard Perry, Hantec Markets.
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The outlook for the Pound-Yen exchange rate favours more upside as the pair continues the uptrend it began after the 132.000 December lows.
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The Dollar-Yen exchange rate (USD/JPY) has been recovering steadily in a rising channel since the January 3 lows and has now arguably established a short-term uptrend, however the big 111 figure is…
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GBP/JPY is rising within what is probably a long bullish wedge pattern, this means if it breaks out above the top of the wedge it is destined to continue its rally to the upside, with much force.
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