InvestingScope
Long

GBPJPY: Two bullish signals (medium and long term).

FX_IDC:GBPJPY   British Pound / Japanese Yen
The pair has been on a non-stop free fall since mid March within a 1W Channel Down ( RSI = 32.282, MACD = -3.540, Highs/Lows = -2.2082). The decline took a pause in August a little over the 1M Support and only recently 1D made a Double Bottom (126.30) as seen on the chart. This has the potential to be a very early long term buy signal and we are taking this opportunity to go on a medium term long with TP = 137.50. Notice that if the Golden Cross takes place on 1W the trend may reverse heavily to the bullish side on the long term.





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