GBPJPY has been trading in the 140-138 range since the past few trading sessions; it currently is near the upper end of this range. A break above the horizontal resistance line just above current level would give fresh break out and the impetus required to take the pair higher. It would be prudent to say that the currency pair could advance towards 141.00 and 141.50 if it breaks & sustains above 140.50.
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Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.