Skype: Signal2forex / Whatsapp: +79065178835

No products in the cart.

GBP/JPY 4H Chart: Sets For Breakout

The British Pound has depreciated about 1.99% in values against the Japanese Yen since January 25.

The exchange rate is currently trading near the lower boundary of a junior ascending channel pattern at 142.01.

If the currency pair passes the bottom border of the channel pattern, a decline towards a support cluster formed by the 200-hour simple moving average and the weekly S2 at 140,71 could be expected.

– advertisement –

However, if the junior ascending channel holds, bulls might target a resistance level at 144.68 in the shorter term.

For traders: our Portfolio of forex robots for automated trading has low risk and stable profit. You can try to test results of our forex ea download
Signal2forex reviews

Share this product!

Do you want to start trade profitably?
Earn 50-300% monthly!