GBPJPY ANALYSIS FOR JUNE 2022

5 giu 2022

GBPJPY

The monthly chart shows that British Pound very probably will increase in value against the Japanese Yen. As we can see in May the price consolidated and closed above the resistance. In June we can expect the candle to form a bottom wick and continue to go up to fill the wick of April, once it exceeds April's high, it has a free traffic until 172.600.

Another possible scenario is a pure consolidation of the price around that zone. It may drug up and down without decisive direction for a whole summer. However, one a big scale it is very improbabile it will break the bullish trend.