Along with pretty much all the JPY pairs, due to combination of BOJ easing from the last couple of years and USD rally we've seen the yen pairs weaken considerably the last couple of years. GBPJPY is no different as this trend is clearly in place.
As long as the trend-line holds (green line), I am expecting this rally to continue with this pair possible hitting 208.50 along w the supporting CR levels above it. Should the green line be breached we could see a downturn in this pair with the monthly trend-line holding as a support level.
As long as the trend-line holds (green line), I am expecting this rally to continue with this pair possible hitting 208.50 along w the supporting CR levels above it. Should the green line be breached we could see a downturn in this pair with the monthly trend-line holding as a support level.
