GBP/JPY
The United Kingdom pound – Japanese yen pair that is traded in positive correlation with the financial markets is hinting at the creation of a bottom line on its daily graph. The assessment is that so long as the pair is traded above the critical level of 128.80 (Fractal), it is worth a buy position with views towards price rises to the high levels of 135,00 and 140.00.
In the event of a daily closure above the weekly support level of 129.02, this will constitute an indication for a change in direction and the start of a move in the opposite direction upwards and towards the resistance level of 133,20 (Fractal).
