GBP/JPY: market moving sideways

GBP/JPY: market moving sideways

Information is not investment advice

The market is still moving sideways. There's a 'Flag' pattern, which led to forming a new local low. Also, we've got a 'V-Bottom', so it's likely that the pair is going to test the closest resistance at 148.56 - 148.86. The subsequent pullback from this area could be a starting point for another decline towards the next support at 144.13 - 143.71 by the lower side of a possible 'Triangle'.




GBP/JPY: trading on Brexit

What is the best way to bet on the positive outcome of the Brexit deal? Technically, the GBP has bullish potential versus the JPY.

Choose your payment system