Forecast for GBP/JPY on April 3, 2019

GBP/JPY

On the weekly chart of the GBP/JPY currency pair, the current bar turned up from the red indicator line of the balance. In addition, the signal line of the marlin oscillator made a turn to increase. The growth target is the price level of 150.20, on which the MACD line and the Fibonacci reaction line are 138.2%.

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On the daily chart, the price, after turning from the MACD line with three candles earlier, went above the balance line. The marlin oscillator is about to move into the growth zone.

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On the four-hour chart, the price is trying to overcome the last resistance of the peak on March 27 at 146.48. Consolidation above this level opens a way for the price to increase.

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The material has been provided by InstaForex Company - www.instaforex.com