Technical analysis of GBP/JPY for November 21, 2017

GBP/JPY is expected to trade with bullish outlook. The pair formed an intraday “V-bottom” pattern, and now stands above its 50-period moving average, which is turning up. The relative strength index has broken above a falling trend line and calls for further advance. In addition, a strong support base at 148.40 has formed and has […]