The overall sentiment of GBP/JPY remains bullish. At the moment, we can clearly see that the price is forming a bottom at an area of previous resistance now turned support that lines up with 0.618 Fibonacci retracement level.
We are expecting for the price to keep growing and reach the zone of resistance plotted on. the graph.
We are expecting for the price to keep growing and reach the zone of resistance plotted on. the graph.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.