ForceFollower

GBPJPY Bullish Forces Prevail

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FX:GBPJPY   Libra Esterlina/Iene Japonês
The bullish blue fork served, in terms of its warning line, as a support for further upward advancement of this currency pair. There's also the magenta bullish channel containing the price action quite nicely. So, I'm not giving up on this market yet. The sterling has strengthened recently and, esp. vs. the JPY, is quite likely to test the highs to the left. I believe any dip should be considered as a good buying opportunity.

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