GBPJPY moves through the ascending channel since Jun 2020 towards a strong resistence from 2018.
50MA & 200MA are positive but the price couldn't come above the 1h & 4h Ichimoku clouds yet.
On Friday 11th, Manufacturing Production data will be announced for GBP, but there is no important info for JPY ahead.
If the price can hold above the minor descending channel from 27 May, we can have a buying opportunity at 155.480 up to 156.753
Please like and comment if you find this idea useful :)
50MA & 200MA are positive but the price couldn't come above the 1h & 4h Ichimoku clouds yet.
On Friday 11th, Manufacturing Production data will be announced for GBP, but there is no important info for JPY ahead.
If the price can hold above the minor descending channel from 27 May, we can have a buying opportunity at 155.480 up to 156.753
Please like and comment if you find this idea useful :)