FX.co ★ ckerluke | GBP/JPY

GBP/JPY

Sunday technical analysis of the pair on the 1-hour chart. The price can still continue to rise, it may retest the 215.82 level, break it slightly upwards, somewhere higher finally work out the TF maximum, and from there the price should then return down. The price will be working off the extended red zone, it may work it off completely and then correct downward to test the triple bottom level at 212.49.