Daily analysis of GBP/JPY for February 28, 2018

Overview The GBP/JPY pair formed a new bearish wave yesterday to approach support of the sideways range at 148.35. Until that moment, the price will remain trading sideways if the main levels settle, represented by the current support and the resistance at 151.00. Interestingly, strong negative momentum is provided by the main indicators, particularly stochastic […]