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GBPJPY Forecast And Technical Overview

GBPJPY Forecast And Technical Overview

GBP  remains strong despite the data below the expactations. Positive weather on Brexit make the GBP bullls much eager. BoJ keeps the monetary policy unchanged.

Technically: Dragon broken the descending trendline on the Daily Charts. It looks like the bearish correction is completed. EMA Golden Cut is on the way. The Bullish Move will be triggered by the breakout of 149.800 resistance. We may see a fast and strong bullish move after the breakout.

The targets of the pair will be:

150.50

151.90

153.04

154.50

156.00

Pay Attenion: The formation would be completed at the breakout of 149.800. Not Before…

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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 responsibility.

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