GBP/JPY is in a well-defined uptrend, supported by the 21-4hr SMA, with blue skies on soft Brexit optimism. Bulls can take comfort from the Lagging Span in the Ichimoku strategy well behind price and series of bullish closes on a daily basis that sees the Tenken-sen moving back away from the Kijun-sen, bullishly aligned again. However, RSI is in overbought conditions on a daily basis and 4hr MACD is troublesome, although hourly momentum indicators are leaning bullish. Additional gains will target R1 at 148.45 ahead of 149.20 and 149.51 (R3) completing a full retracement to the Sep, Oct and Nov 2018 highs. On the flipside, 148 is the trending support line that guards S2 at 146.92 ahead of S3 at 146.34. GBP/JPY Daily Chart 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 Japan PM Abe: Support Trump decision on North Korean talks FX Street 4 years GBP/JPY is in a well-defined uptrend, supported by the 21-4hr SMA, with blue skies on soft Brexit optimism. Bulls can take comfort from the Lagging Span in the Ichimoku strategy well behind price and series of bullish closes on a daily basis that sees the Tenken-sen moving back away from the Kijun-sen, bullishly aligned again. However, RSI is in overbought conditions on a daily basis and 4hr MACD is troublesome, although hourly momentum indicators are leaning bullish. Additional gains will target R1 at 148.45 ahead of 149.20 and 149.51 (R3) completing a full retracement to the Sep,… 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.
