GBP/JPY Analysis

Market news

7 February 2018

GBP/JPY Analysis

On 4-hour time frame chart we can see that the price has broken the upside trend line which the price has been following for several days.

Also, we can see that the price has tested once again the trend line below and therefore we could see a new bearish movement soon.

So, we can expect a further bearish movement on GBP/JPY close to 150.000

Italian retail trade index showed falls in December

UK house price index declined 0.6% m/m

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