ForexCryptoA

GBPJPY Weekly Forex Forecast 1st October to 6th October

OANDA:GBPJPY   British Pound / Japanese Yen
Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 145.25 would begin in Midterm.
Technical analysis:

The RSI bounced from the resistance #1 at 68 and it prevented price from more gains.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 61.
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