GBP/JPY Rebounds

Wednesday, 19/04/2017 | 08:18 GMT

Disclaimer

Although driven by fundamentals, GBP/JPY rebounded off the 50% retracement of the Q4 ’16 rally. Look for resistance at the late February highs around 140.70 then the 100 day moving average 141.30

There’s a long term uptrend in place on USD/CAD, with resistance likely to be found at month to date highs around 1.3450 then the 50% retracement of the Q1 ’16 sell off at 1.3590.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.

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Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/gbpjpy-rebounds/?camp=24219

Disclaimer

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