Forex News: GBPJPY: Here We Go Again

GBPJPY bulls may be getting ahead of themselves. Apart from today’s session which is still in progress, the pound cross has had eleven consecutive winning days.

That’s quite the feat for a pair that couldn’t make up its mind just one month ago.

However, the good times may be coming to an end for buyers, at least momentarily.

Yesterday’s session slammed into the 147.50 resistance level which dates back to early 2013 and was also a factor in December of last year.

The 147.50 area is nothing new for readers of this site. We discussed it on December 1, 2016, shortly after the pair had begun carving out a broadening wedge pattern.

In that commentary, the 147.00 area stood out as a zone that could trigger a reversal.

Source: Daily Price Action



We hope you enjoyed reading the above post. How about helping us share the information to your fans and friends on social media? Meanwhile, you can rely on us daily for the latest and relevant free forex trading signals, free forex trading market news, free forex trading technical levels, weekly Pool draws, latest news from Nigeria and the world, educational articles and quality academic information, insurance news and scientific knowledge.



Do you need a classical ORGANIST or an excellent music teacher? CALL Fabian on 08033983034 or email him at [email protected]


Follow us on twitter @newsbeatportal

learn how to make profit from your losing bets on nairabet, bet9ja, merrybet, surebet. 07030635051
Engage #SantexTech today to build & install inverters, training on inverters & other electronic designs, projects/kits. Call 08039574535


Click to join Talk Nigeria Today, a group where hot, controversial, and breathtaking issues are brainstormed upon.

Konga Verified Blogger

Leave a Reply