GBP/JPY is rising within what is probably a long bullish wedge pattern, this means if it breaks out above the top of the wedge it is destined to continue its rally to the upside, with much force.
February 26,2019
Our technical studies suggest GBP/JPY is rising in bull flag pattern which is likely to break considerably higher; the steep climb through January from the 130.69 lows constitutes the ‘pole’ part of the flag whilst the consolidation during February is the ‘flag square’.
February 13,2019
The Pound-to-Yen rate remains biased toward the upside, Pound Sterling Live technical studies suggest, even in the face of an ongoing rally from undervalued lows by the Japanese currency.
February 7,2019
The technical outlook favours more upside on the condition the GBP/JPY exchange rate can break clearly above immediate resistance from moving average and trendline.
February 5,2019
Amidst a global economic backdrop of elevated uncertainty the Japanese Yen emerges as one of the few currencies strongly tipped to rise, say strategists at Société Générale.
January 31,2019
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