Personal offer with profitability from +100%
More details

Pound Yen GBP/JPY Forecast on February 23rd and 24th

The GBP JPY rate forecast for February 23 and 24 is made at 147.770 quotes. As expected in previous forecasts, the growth of the pound against the yen continued, and quotations reached the upper border of the rising channel. There have not been such high GBP/JPY quotes since the end of 2019.

The resistance level for the pound-yen rate is the upper border of the ascending channel at 148.3. If the resistance level is broken and the GBP/JPY rate is fixed above 148.3, the upward trend will continue, with the immediate target of 150. A longer-term target for GBP/JPY is testing the level of 155. The market generally reacted positively to Britain's withdrawal from European dependence and the lack of need sponsor unemployment benefits on the outskirts of the EU.

Pound Yen GBP/JPY Forecast on February 23rd and 24th

The Ichimoku cloud is below the price level, which indicates a stable upward trend in the cross-rate of the pound against the yen. The signal levels of the Ichimoku indicator are also directed upwards.

The support level is the upper border of the Ichimoku cloud at 146.5. Additionally, this level has already acted as an important level on the price chart. If the support level is broken, the GBP/JPY quotes will tend to the lower border of the ascending channel - 146.

Thus, the forecast for the GBP/JPY currency pair for February 23 and 24 suggests the possibility of a rollback in order to test the nearest support level of 146.5 yen per British pound.

Heading:

Leave a Reply

Your email address will not be published. Required fields are marked *

Online charts

Forex charts

Cryptocurrency charts

Exchange commodities

Stock indices

Forex brokers rating

FinmaxFX
Amarkets

Popular posts

[wpp header_start='

' header_end='

' range='last7days' thumbnail_width=150 thumbnail_height=90 stats_views=0 limit=5 order_by='views']

Last notes

Popular tags

Comments

Recent Comments

    ABOUT THE PROJECT

    Real-time charts and quotes: Forex currency pairs, cryptocurrencies, stock charts, online commodity charts. Forecasts for tomorrow. If you want to know the forecast of the cost of cryptocurrency for tomorrow, for the week ahead - follow our forecasts, subscribe to the telegram channel. By using the site, you agree to the terms of our User Agreement. Any use of site materials without the written permission of the administration is prohibited. In case of violation of these requirements, the site administration reserves the right to protection in accordance with applicable law.
    The fact of opening positions in financial markets is not a guarantee of profit. You may not only earn nothing, but also lose money. The site owner is not responsible for the results of your decisions. We only provide you with information (for comparison and objective decision-making) about the prospects for changing the rates of a particular financial instrument, you make the final choice yourself. The content of the site is for informational and reference purposes only and is not a recommendation or offer.
    © 2021 chartsforecasts.com Copying of site materials is prohibited.
    menu-circlecross-circle