GBPJPY What is your prediction

What is your upcoming prediction for this pair on the remaining week?

@jorgemontero, Bouncing off the Daily… slight recovery and then continue down…

Possibly down another 50 pips over the 3 days.

Good catch. I also beleive it can continue its rally to the downside.

GBP / JPY has now entered the cloud and is moving to its lower border. Since the stochastic is oversold and the RSI is almost oversold, I will assume that the pair will turn up from the support.
Daily

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It could hit support and then it depends what price tells us. It could move up to the first resistance after hitting support.

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I was able to make some good pips last night while it was dropping, I was fortunate to close the operation on time since it seems that now is wanting to go bullish.

it has a false over sold on the daily
i will say down an other 80 pips or more !

Yes, I believe it will fall down to that support as well, then possibly rally back up.

Rangebound 144.25-145.25. Latest GBPJPY quote “144.77”

I see now we are in range! So, I’m with the general rule of range trading;

good call on this, looks like it’s starting to go back up from that support, let’s see how next week is