GBP/JPY: highly interesting for buyers – Varengold

FXStreet (Barcelona) - The Varengold Bank Research Team notes that technicals suggest the GBP/JPY pair might be further highly interesting for buyers.

Key Quotes

“Looking long-term since 2012 the bulls have pushed this pair steadily upwards. The economic situation in Japan has weakened the JPY versus its major peers.”

“Although the current situation with Crude Oil helps the JPY to gain some strength. The OsMA and the RSI are showing that the pair might be further highly interesting for buyers.”

“Support Levels around 169.24, 148.25, 119.36”