GBPJPY August 27, 2018 Long-Term Analysis

Monday, 27/08/2018 | 08:58 GMT

Disclaimer

The sterling and the Japanese yen were under strong downside pressures since February 2018. Despite that the bulls attempted to take the lead, the sellers were the ones who were able to take over the GBPJPY pair.

The recent bullish momentum though at the 140.00 area where the buyers retraced the price is an indication that the uptrend is in the process of prevailing.

The next key target is the 146.45 area. A break above this level would likely signal that the uptrend scenario took over the bearish one.

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Source: https://www.exclusivecapital.com/gbpjpy-august-27-2018-long-term-analysis/

Disclaimer

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