The Dragon’s Next Target

After a huge rally, the Pound-Yen (FOREX: GBPJPY) has made its correction to test its support at the key support level of 155.820. With the current momentum, it may be possible for the pair to continue its bullish run.

  • Therefore, any break below the key support level of 155.820 will see a potential extension of the correction.
  • Whereas, as the price continues to trade above this level, the likelihood of this pair to be bullish is higher with a target within the range of 160.612.