FX.co ★ GBP/JPY: uptrend continuation

GBP/JPY 184.11 Upside Obstacle!

The GBP/JPY pair is trading at 183.97 at the time of writing. Technically, the uptrend line represents a downside obstacle. As long as it stays above it, the rate could resume its growth. Only dropping below this line could invalidate further growth.

As you can see on the H1 chart, the rate continues to pressure the 183.90 historical level which represents an upside obstacle. Yesterday's high of 184.11 represents an upside obstacle as well.

GBP/JPY Forecast!

Staying above the uptrend line and jumping above 184.11 yesterday's high activates further growth. This is seen as a buying opportunity.