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GBPJPY looking for previous highs
Pair: GBPJPY
Bias: Long
Technical analysis: After being rejected at around 144.000 on March 29th, price has being making higher highs and higher lows. It broke the 146.500 resistance to turn it into a support and after forming a triangle, price has broken it and retested in lower time frames.
Fundamental analysis: Risk is back on on stock markets weakening the JPY. Today's vote to block a "no-deal Brexit" might help push the GBP even higher.
Use appropriate risk management.
Bias: Long
Technical analysis: After being rejected at around 144.000 on March 29th, price has being making higher highs and higher lows. It broke the 146.500 resistance to turn it into a support and after forming a triangle, price has broken it and retested in lower time frames.
Fundamental analysis: Risk is back on on stock markets weakening the JPY. Today's vote to block a "no-deal Brexit" might help push the GBP even higher.
Use appropriate risk management.
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