GBP/JPY witnessed a flag breakout earlier today on the 15-minute chart. So far, however, the pattern has failed to accelerate the preceding bullish move. In fact, the pair is now trading on the defensive at 147.75 and falling toward the flag low of 147.55. A break below the flag low could invite more selling, yielding a drop to 147.00. On the higher side, a break above 148.06 is needed to shift risk in favor of a rally toward 148.50. 15-minute chart Trend: Neutral 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 AUD: Likely to slip below USD 0.70 in the second half of 2019 – Westpac FX Street 4 years GBP/JPY witnessed a flag breakout earlier today on the 15-minute chart. So far, however, the pattern has failed to accelerate the preceding bullish move. In fact, the pair is now trading on the defensive at 147.75 and falling toward the flag low of 147.55. A break below the flag low could invite more selling, yielding a drop to 147.00. On the higher side, a break above 148.06 is needed to shift risk in favor of a rally toward 148.50. 15-minute chart Trend: Neutral 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.
