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GBPJPY has 153.30 on its mind

GBPJPY is shaping up rather nicely - we see price breaking the May downtrend and pushing resistance into 152.19 - its not on the chart, but price has also broken out of the i-cloud and we're now eyeing the 100-day MA and 14 Sept spike...its' hard to chase here, but this has the feel that it can work into 153.30 over a week or so..one for the patient, as weekly implied volatility is still subdued at 8.17%...the bulls will see this doing all the right things

CW

Pepperstone

Global risk Warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading in CFDs. You should consider whether you understand how CFD

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