GBP/JPY bounces off the short-term triangle support. An upside break of the formation can recall October highs while 137.50 could lure sellers below pattern’s support. Following its one-month-old trading formation, GBP/JPY recovers to 139.80 by the press time of Friday’s Asian session. The symmetrical triangle formation keeps prices under check between 139.50/45 and 140.35. Pair’s recent pullback could push the quote towards pattern’s resistance, at 140.35 now, a break of which is likely a trigger for the fresh run-up to October high of 141.51. However, late-May high near 141.75 could question the pair’s further rise. On the downside break of 139.45, October 16 low near 137.50 and 137.00 could stop sellers from targeting the September month top nearing 135.75. GBP/JPY 4-hour chart Trend: Sideways 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 USD/JPY: Recovery gathers steam on US-China trade deal hopes FX Street 3 years GBP/JPY bounces off the short-term triangle support. An upside break of the formation can recall October highs while 137.50 could lure sellers below pattern's support. Following its one-month-old trading formation, GBP/JPY recovers to 139.80 by the press time of Friday's Asian session. The symmetrical triangle formation keeps prices under check between 139.50/45 and 140.35. Pair's recent pullback could push the quote towards pattern's resistance, at 140.35 now, a break of which is likely a trigger for the fresh run-up to October high of 141.51. However, late-May high near 141.75 could question the pair's further rise. On the downside break of… 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.
