This has rebounded from the support level and is now rising again. MACD is turning higher and has stayed above 0 so is still bullish, also EMA's did not cross lower. Target is 12.860 at next resistance (chart does not go back far enough to see this for some reason).
GBP/JPY Analysis GBP Buy - Forecast Higher GBP & Lower JPY & CHF
Despite A lot of retail calling Shorts this week we have seen continued strength in the GBP across several of the Majors.
As per our Heat Map guiding our BIAS, this week once again it proves our Property system is a great free addition to finding and filtering the best currencies to pair up...
The Mexican Peso is gaining strength against the Yen as a recovery in global growth in 2021, reduces the demand for the safe-haven Yen and increases the demand for the Mexican peso.
We look at why the Japanese Yen is a safe haven currency of choice, alongside Interest rate differentials that will play a key rol in the outlook for gains in the peso.
I give...
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You can buy EURJPY from support levels.
Trade entry, take profit, stop loss levels are available to participants of the SAV Trading Room.
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You can buy CHFJPY from 112.3-112.1
Stop-loss at 111.80
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You can buy EURJPY from 120.65-120.55
Stop-loss at 120.39
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