GBP/JPY rising inside minor corrective wave (iv)

GBP/JPY rising inside minor corrective wave (iv)

  • GBP/JPY rising inside minor corrective wave (iv)
  • Next buy target - 143.20

GBP/JPY has been rising strongly in the last few trading sessions inside the minor corrective wave (iv), which started earlier from the combined support area located between the key support level 139.30 (which reversed the price in the middle of June, as can be seen below) and he lower daily Bollinger Band. GBP/JPY is expected to rise to next buy target at the next resistance level 143.20 (top of the earlier correction (iv)), which strands close to the 38.2% Fibonacci retracement of the earlier downward impulse from the start of August.

Similar

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...

gbp

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera