GBP/JPY is currently trading inside a decent descending channel near the 78.6% Fibonacci Retracement level. Not breaking below the lower band of the descending formation will be a great buy opportunity towards 161.50 as our first target.
Breaking above the channel will push the price towards 162.46 and 163.35 in extension. Goodluck!
M.Y.
Breaking above the channel will push the price towards 162.46 and 163.35 in extension. Goodluck!
M.Y.