Technical analysis of GBP/JPY 10/08/2020

The currency cross of the GBP/JPY pair on the daily chart is moving sideways. The price found support at 133.00 and is currently trading around 137.00 at the intersection of MA100 and MA200. The technical analysis in the middle term shows the development of an upward movement within the projection with a target in the area of ​​154.00. Cancellation of the growth option will be a decline below 133.00, which will be a signal for a possible continuation of the downward movement to annual lows in the area of ​​124.50.

gbpusd09102020

Created by Joshua Hayn

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