GBPJPY - Cyclical Reversal- Major Target 164
GBP/JPY forming a solid price pattern on support
A breakout (seen as likely lower) appears to be very near
The British Pound has been on the move a bit against the US Dollar, but appears poised to do so soon versus the Japanese Yen. GBP/JPY has been coiling up since the general election spike back on December 13. The price action is forming a descending wedge.
A breakout (seen as likely lower) appears to be very near
The British Pound has been on the move a bit against the US Dollar, but appears poised to do so soon versus the Japanese Yen. GBP/JPY has been coiling up since the general election spike back on December 13. The price action is forming a descending wedge.