GBP/JPY
Yesterday morning, the British pound-Japanese yen pair showed signs of a potential minimum point recorded after they slumped to levels of 123.45, then rebounded to close above the important support level of 123.57. The performance of pair decidedly hints that it is possible that it is a soil that represents a basis for a new upward sequence.
Technically, the pair is in the very low price levels and has a huge upside potential. It is estimated that the pair may stumble upon the significant level of testing around 127.50 Japanese yen per pound.