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GBP/JPY finds offers at 164.90

FXstreet.com (Barcelona) – Following an early spike topping out at 164.68 high, the GBP/JPY is currently retracing daily gains towards 164.65, as the uptrend still gives little signs of a reversal in the horizon.

Ichimoku indicators points to further gains

Technically, the breakout of 163.00 ( double top 2009) has opened up blue skies for the interest of the Sterling, as price continues to develop on bullish ichimoku structures across all timeframes.

GBP/JPY technical levels

The pause seen throughout Tuesday saw bearish pressure being well absorbed by 163.80/90 bids, which led to a recovery of prices with an acceleration included after intrday …read more