Long-term and short-term analysis of the Australian dollar's performance against the US dollar.
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.
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