GBP/JPY steps back from the monthly high. 50% Fibonacci retracement back in focus. Mid-December 2019 lows will be on buyers’ radars during further upside. Having registered one more failure to cross 144.60 the previous day, GBP/JPY pulls back to 144.35 amid the Asian session on Friday. While considering the upbeat signals from MACD and RSI, GBP/JPY prices are likely to keep the strength. However, a sustained break of 144.60 will need to be validated by a daily closing beyond 144.66 comprising 38.2% Fibonacci retracement of November-December 2019 upside. Should that happen, the quote can quickly rise towards December 13 low near 145.46 and 23.6% Fibonacci retracement level of 145.92 ahead of challenging the year top near 148.00. Alternatively, 50% Fibonacci retracement, at 143.65, gains the counter-trend traders’ attention. However, an upward sloping trend line from February 10, at 142.84 now, can question the sellers afterward. GBP/JPY daily chart Trend: Bullish FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next RBNZ Orr: In favourable position with OCR at 1% FX Street 2 years GBP/JPY steps back from the monthly high. 50% Fibonacci retracement back in focus. Mid-December 2019 lows will be on buyers’ radars during further upside. Having registered one more failure to cross 144.60 the previous day, GBP/JPY pulls back to 144.35 amid the Asian session on Friday. While considering the upbeat signals from MACD and RSI, GBP/JPY prices are likely to keep the strength. However, a sustained break of 144.60 will need to be validated by a daily closing beyond 144.66 comprising 38.2% Fibonacci retracement of November-December 2019 upside. Should that happen, the quote can quickly rise towards December 13 low… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
