FX.co ★ GBP/JPY Price Movement For March 26, 2020.

The GBP/JPY pair a broke out from the small consolidation (Cyan Rectangle) making a market maker buy model pattern on the 4-hour chart. From the technical point, we see that the price is already moving above the EMA (30) and the CCI (30). It also lifted above the -100, 0 , and 100 levels. This information confirms that this pair resumed an upward momentum. It is likely to reach the nearest liquidity pool at the 133.37 as long as this pair does not retrace bellow the 129.84 level.

(Disclaimer)