fx_iranian_traders

Weakness of the JPY or strength of the GBP

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OANDA:GBPJPY   英鎊 / 日圓
Hi everyone
I hope you are well
In the previous analysis, we predicted this sharp and upward movement. We are now witnessing a continuing weakening of the yen and the liberalization of the British economy from quarantine. Along with these factors, our analysis is bullish and we do not seem to have any resistance until the price of 156. At this price, we are faced with a long-term weekly trend line (red line), a price channel ceiling in daily time and a resistance price, which has been the peak price since 2018. We have to look for buying opportunities up to the desired price.

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