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The daily chart shows the GBP/JPY pair declining in a steep bearish channel, and this impetus is likely to guide price action over coming days and weeks.
September 3,2019
Studies of the charts suggest the pair may have reversed the longer-term downtrend in the short-term and could now be on course to go higher.
August 29,2019
GBP/JPY stalls and starts to reverse at major trendline and our studies suggest the possibility of a recovery higher conditional on break of said trend line.
August 21,2019
GBP/JPY is forecast to extend its established downtrend but a floor nearby at 2016 low could provide near-term relief.
August 13,2019
The Pound's downtrend against the Yen is still intact and because the trend trump's all other considerations the pair is biased to continue lower.
August 7,2019
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