Trading Talks GBP/JPY March 14
Despite the fact that the pound yen is entering the overbought zone and expanding the upward channel, I do not rule out that the growth can continue to the key level of 155.200.
This is evidenced by the MACD signal line position, as well as the growth above the EMA 100 on the four-hour chart.
If 154.33 resistance is successfully passed, then 155.20 will be reached with a high probability. Resistance 154.33 is in line with EMA 200 on the same 4-hour chart.
A return to the trend channel will mean a fall to the trend support, to the area of key support 153.0
This is evidenced by the MACD signal line position, as well as the growth above the EMA 100 on the four-hour chart.
If 154.33 resistance is successfully passed, then 155.20 will be reached with a high probability. Resistance 154.33 is in line with EMA 200 on the same 4-hour chart.
A return to the trend channel will mean a fall to the trend support, to the area of key support 153.0
