GBP/JPY Weekly Outlook

<p>GBP/JPY dropped to as low as 123.94 last week, then formed a short term bottom there and recovered. Initial bias is neutral this week for some consolidations first. In case of stronger rise, upside should be limited by 61.8% retracement of 144.95 to 123.94 at 136.92 to bring fall resumption. Break of 123.94 will resume [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/technical-outlook/gbpjpy-outlook/281607-gbp-jpy-weekly-outlook-160/">GBP/JPY Weekly Outlook</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>