Skype: Signal2forex / Whatsapp: +79065178835

No products in the cart.

GBP/JPY 4H Chart: Set For Breakout

The British Pound has appreciated about 9.79% in value against the Japanese Yen since the beginning of January. This movement was guided in an ascending channel pattern.

Currently, the currency pair is testing a support level formed by the lower boundary of a four-month ascending channel and the 50-hour simple moving average at 145.79.

If the GBP/JPY passes the support level, a decline towards a swing low of 144.00 could be expected. However, if the given channel holds, it is likely that an upside reversal could occur in the nearest future.

– advertisement –

Signal2forex reviews

Share this product!

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