От: Dima Chernovolov

GBP/JPY recently broke the hourly Falling Wedge chart pattern which was previously identified by Autochartist. Autochartist оценивает качество нисходящего клина на уровне 6 столбцов, что является результатом среднего начального тренда и ясности. (5 брусья) и значительная Однородность (7 брусья). GBP/JPY is expected to rise toward the forecast price 150.320 – in line with the recent upward reversal from the support area shown below.

As can be seen from the daily GBP/JPY chart below – the bottom of this Falling Wedge formed when the price reversed up from the support area lying between the support level 149.55 (which has been reversing the price for the last 6 trading sessions) and the 50-day moving average. The proximity of this support zone adds to the probability GBP/JPY will continue to rise toward the forecast price 150.320.

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