ForecastsGBPJPY ForecastGBPJPY Technical AnalysisTechnical Analysis

GBPJPY Forecast and Technical Analysis

GBPJPY Forecast and Technical Analysis

Published: 09-21-2018

-BOJ keeps the monetary policiy unchanged.

-No agreement on Brexit. But  three better than expected major macroeconomic data on the UK side.

In our latest analysis, we have mentioned that the targets of the pair are 148.800, 151.00, 152.800 and 154.000 after the breakout of Cup with a Handle formation – 145.700 –

New visitors may read the analysis : GBPJPY Weekly Forecast

Dragon tested 149.700 and we keep our bullish bias targeting 151.000.

We may see some pullbacks towards 148.500 – minor retracements-

Potential pullbacks towards 148.500 can be used as buying opportunities. targeting 151.000.

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

 

 

GBPJPY Forecast: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibilit

 

 

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