GBP/JPY: 'Flag' pushing price higher

GBP/JPY: 'Flag' pushing price higher

Information is not investment advice

The price has been rising since the last 'V-Bottom' formed, so all the Moving Averages turned out to be broken. Also, there's a bullish 'Flag', which is pushing the price higher. The main intraday target is the next resistance at 147.57. If a pullback from this level happens little later on, there'll be time for a downward correction, so we should watch the nearest support at 144.88 as a bearish target.

26-2-2019-GBP-JPY-H4.png

Similar

Popular

Choose your payment system