Ransquawk

Recently there has been a revival on the demand side of the GBP/JPY. The daily chart shows the buyers’ side has revived at the bottom edge of the yearly, perfectly respected growth channel. At present, the fight for breaking significant resistance at 147.50 is under way. This level was perfectly respected, evidenced by the two previous lows and the two previous highs. Breaking above should therefore help with tilting the scale of victory to the demand side. Then it will be much easier to mark the advantage of buyers, which will appear as creating of another growth impulse.

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Ransquawk