Technical analysis of GBP/JPY for January 12, 2018

GBP/JPY is expected to trade with a bullish bias above 150.85. Although the pair posted a pullback, a support base at 150.85 has formed and has allowed for a temporary stabilization. The relative strength index is mixed. Therefore, as long as 150.85 is not broken, we are cautious with up targets at 152.10 and 152.60 […]