GBP: bullish trend under question
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GBP/JPY: finished 'Flag' pattern
Information is not investment advice
GBP/JPY is consolidating above the Moving Averages. Previously, we had a 'V-Bottom' pattern, which has been confirmed. Also, it seems like there's a finished 'Flag' pattern. If so, there's an opportunity to have an upward price movement towards the already tested resistance at 144.88. The subsequent pullback from this level could lead to a bearish correction in the direction of the nearest important support at 144.01.
Sergey Logachev
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GBP: bullish trend under question
Jump in to get the technical analysis of GBP/JPY and GBP/USD!
Gold: trade the sideways move
How to trade the gold price while it's oscillating between 1 837 and 1 864? Read the article, and you'll know how!
$1.9 tln stimulus is unlikely to support the USD in long term
US President-elect Joe Biden proposed a $1.9 trillion stimulus plan to jump-start the world's largest economy and accelerate its response to COVID-19
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