Daily analysis of GBP/JPY for May 18, 2017

Overview The GBPJPY pair managed to decline towards 143.30 to test the support line represented by 23.6% Fibonacci level. The bullish scenario depends on the strength of this support to continue suggesting bullish attempts that target 145.45 followed by a further rally towards 148.45 top. We should note that the price attempts to decline below […]