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Mar 19, 2021 11:53 AM

GBPJPY Forecast for March 19 

British Pound/Japanese YenFXCM

Description

On the four-hour time frame, we see a pull from 152.50 to the current 151.50. Currently, there is a smaller bearish trend testing moving averages that are slowly moving to the bearish side, and based on that, we expect a continued pullback looking for better support on the chart. We need a break above the revolving averages for the bullish trend as we would, with their help, continue up to higher levels above 152.00.
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