GBP/JPY rising channel

GBP/JPY rising channel

On the GBP/JPY currency pair (H1 timeframe), there is a pronounced upward channel for quite a long time. At the moment, the price is testing the local resistance level of 145.100. Indicators point to the strength of buyers. We recommend you to pay attention to this situation.

The target level of movement is 145.500-145.750. Confirmations and entry points to the market are better to look for on the smaller timeframes.

by JMarkets, 2017.05.03

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

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