OfficialYaMarkets

GBPJPY, Bulls approaching key levels

Long
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY , h4 time frame currently trading in sideways with upward channel, currently heading to again channel resistance with MA13 at 135 and MA50 at 134.80 with resistance at 200ma at 137.80. Currently settled above 136ma at 136.35. One can take a buy for the upside target 200ma at 137.50-60 zone, also RSI recovered well from oversold zone suggesting more upside till said levels. Overall buy is suggested for the day.
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