By Anton Eljwizat
The GBP has dropped significantly versus the JPY in the last week, and it is currently traded around 130.60. And now as evident in the data, the daily chart is giving bullish signals, indicating that GBP/JPY pair might go up, as a bullish cross has taken place on the Slow Stochastic and the cross may raise another 50-100 pips in the coming 2 days. Traders are strongly advised to take advantage of the trend at an early stage. Therefore, why not open long positions at an excellent price?
• The next resistance levels are found at the 130.90, 131.20 and 131.40 levels.
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