We have outlooked several promising Forex pairs and the result can surprise you!
GBP/JPY has bullish momentum
Information is not investment advice
GBP/JPY has formed a higher low, retraced 50% of the February-March decline, closed above 134.40 on Wednesday and is trading above the March high. The pair seems to possess positive momentum. The logical upside target is at 136.90 (61.8% Fibo). Support lies at 134.40 and 133.70. As long as the pound is trading above the latter, the bullish movement will be the main scenario. The decline below 133.70 will open the way down to the 132.00 area.
Trade idea for GBP/JPY
BUY 135.60; TP 136.90; SL 135.30
SELL 133.65; TP 132.40; SL 133.90
GBP/USD is moving inside the ascending channel. Since it’s in the lower part of this channel, the pair should reverse up and continue moving in zig-zag.
Ichimoku Kinko Hyo GBP/JPY: The GBP/JPY pair is trading between the Tenkan sen and Kijun sen level…
What happened? Nearly one year later, Beijing started to concern about Alipay, which combines a digital payments platform with other traditional financial products such as loans, wealth management, and insurance…