GBP/JPY: British Pound retreats to 145.350
|GBP/JPY: British Pound retreats to 145.350
What is going on now with GBP/JPY?
GBP/JPY: The British Pound rallied in yesterdays session after bouncing at 144.475 support. The pair took out three resistance points during the overnight session before pulling back to 145.350 support during this mornings session.
Our forecast
GBP/JPY: The Pound currently holds its position at the bottom of the 60 minutes price channel at 145.353 and could head back to its 500 EMA at 145.850 if it remains above 145.350 support. The pair could fall to 145.015 and 144.275 if it fails at 145.350 support.
Support/ Short-145.015,144.275, 144.475, and 144.150
Resistance/ Long - 145.350, 145.850, 146.220, and 146.620
The trade signals are posted on to our Telegram channel on a regular basis as per the link below.
https://t.me/leoprimefx
Chart 1: The short-term view of the GBP/JPY price action in the 60 minutes price chart highlights the direction of the trend and the support and resistance price points
Chart 2: The short-term view of the GBP/JPY price action in the four hours price chart highlights the direction of the trend and the support and resistance price points
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