Technical analysis of GBP/JPY 04/04/2019
The quotes of the GBP/JPY currency pair on the H1 time frame are adjusted within the ascending channel. At the moment, we can expect a test of the lower boundary of the channel near the level of 146.00, after which we should expect a rebound and continued growth of the pair to an area above 147.00.
In favor of GBP/JPY growth will be a test of the trend line on the RSI indicator. Cancellation of the pair growth option will be a strong fall and the breakdown level of 145.50. This will indicate a breakdown of the lower boundary of the ascending channel (MA200) and a continued decline.
Created by Joshua Hayn