Technical Analysis of Weekly Price Movement of GBP/JPY Cross Currency Pairs, Thursday June 15,2023.
June 15, 2023 6:26 am
If we look on the movement of GBP/JPY on the weekly chart, currently there is a quite strong Bullish condition where this things marked by its price movement which moves above EMA 100 as well as managed to breach upside its Bullish channel and CCI indicator which moves upward through the level -100, 0, & 100, then, the condition of GBP/JPY which is under the Bulls is already confirmed, so, as long as there is no downward correction which is pass through the level 167,82, then, in a few weeks ahead, GBP/JPY will continue strengthening up to the area level of 180,33-181,49.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
If we look on the movement of GBP/JPY on the weekly chart, currently there is a quite strong Bullish condition where this things marked by its price movement which moves above EMA 100 as well as managed to breach upside its Bullish channel and CCI indicator which moves upward through the level -100, 0, & 100, then, the condition of GBP/JPY which is under the Bulls is already confirmed, so, as long as there is no downward correction which is pass through the level 167,82, then, in a few weeks ahead, GBP/JPY will continue strengthening up to the area level of 180,33-181,49.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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