Due to the relatively stable GBP and the imminent weakness of Yen (due to BOJ intervention) , we may see a bullish Breakout for this currency pair in upcoming week.
Daily Chart with trendlines
Daily Chart with Ichimoku,
On the Daily Chart with trendline, we note that this currency pair has breached the upper trend line convincingly last week, with bullish and positive-biased sentiments, it shall be lifted toward 137.70 (100 % Fibo Retr), follows by 144.00 , its 161 % Fibo Extension.
On the Daily Chart with Ichimoku, we observe that breaking the Ichimoku Cloiud Top Resistance near 135.00 (Also the Resistance 3), may then expose next higher level near 137.70 and beyond.
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