Technical analysis of GBP/JPY for May 24, 2017

GBP/JPY is expected to move upward. The technical picture of the pair remains positive above a bullish trend line, which emerged on May 19. The relative strength index stands firmly above its neutrality level at 50 and lacks downward momentum. In addition, 145.80 is playing a key support role, which should limit the downside potential. […]