• GBP/JPY Analysis - 1 hour time frame chart

Market news

24 January 2018

GBP/JPY Analysis - 1 hour time frame chart

GBP/JPY has been respecting quite well the upside trend line and the price has been forming higher highs.


At this moment, we can see that the price is close to the trend line which can become interesting to understand whether the price will start a new bullish or bearish movement on GB/JPY.


Therefor, if the price keeps rejecting the trend line above then we can expect a further bullish movement.


On the other hand, if the price breaks the upside trend line then we can expect a further bearish movement on this pair.


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