This has rebounded from the support level and is now rising again. MACD is turning higher and has stayed above 0 so is still bullish, also EMA's did not cross lower. Target is 12.860 at next resistance (chart does not go back far enough to see this for some reason).
GBP/JPY Analysis GBP Buy - Forecast Higher GBP & Lower JPY & CHF
Despite A lot of retail calling Shorts this week we have seen continued strength in the GBP across several of the Majors.
As per our Heat Map guiding our BIAS, this week once again it proves our Property system is a great free addition to finding and filtering the best currencies to pair up...