GBP/JPY made 80 pips last week and technically looks BULLISH whilst we remain above the 200 sma. Above 140.42 takes the price above the descending trend line shown and opens up a move to 148.56.
Below the 200 sma at 140.42 opens a move down to retest 136.37.
Trade recommendations
BUY above 140.42
SELL below 139.70
Resistance at 141.06 mat present a SHORT opportunity.
Below the 200 sma at 140.42 opens a move down to retest 136.37.
Trade recommendations
BUY above 140.42
SELL below 139.70
Resistance at 141.06 mat present a SHORT opportunity.
