GBPJPY Weekly Forecast
Hello traders!
As expected, high impact news on Thursday really affected this pair.
The price of this pair has reached support zone. Thus, these are my expectations:
a) If the price breaks 131.72, there will be a strong momentum and it will try to reach a new support around 129.513.
b) retracement is likely to happen. the price will try to reach 132.866 before making a strong bearish trend to the price 129.513.
Technique: Support and Resistance , Bollinger band and Moving Average indicators
Author: S.I.D. Safiq
As expected, high impact news on Thursday really affected this pair.
The price of this pair has reached support zone. Thus, these are my expectations:
a) If the price breaks 131.72, there will be a strong momentum and it will try to reach a new support around 129.513.
b) retracement is likely to happen. the price will try to reach 132.866 before making a strong bearish trend to the price 129.513.
Technique: Support and Resistance , Bollinger band and Moving Average indicators
Author: S.I.D. Safiq
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