HomeContributorsTechnical AnalysisGBP/JPY Turned To The Upside

GBP/JPY Turned To The Upside

Price increased in the early morning and should resume the upside momentum. Technically is expected to climb much higher after the false breakdown below the WL1 of the descending pitchfork and below the warning line (wl1) of the ascending pitchfork.

It’s moving somehow sideways on the daily chart, but maintaining a bullish perspective for the upcoming period.

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