GBP/JPY Daily Analysis
Price appears to be moving within a triangle formation.
Last week we saw what might have been a break out. However, this weeks trading has seen price action back inside the triangle.
There is a possibility that we may now see an impulse of buying towards the top of the structure. Look out for the Bank of Japan rate statement later this week.
Last week we saw what might have been a break out. However, this weeks trading has seen price action back inside the triangle.
There is a possibility that we may now see an impulse of buying towards the top of the structure. Look out for the Bank of Japan rate statement later this week.
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