The gbpjpy is on the rise, currently close to 179, after a breakout from the monthly chart, we see the pair in a tight range, i think the pair will continue to range till the end of the year. I expect it to drop back after hitting 180
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I am expecting the dollar to weaken over the next few weeks, even though the dollar will end the year high, still looking forward to a bullish correction on the gbpusd. On the daily chart, break of resistance should push price towards the 1.3- region. On the monthly chart, this is the fourth month down, a correction is due..
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I am thinking the EURUSD has formed a very strong support, so i expect the pair to do a very formidable bounce and head towards 1.3000. From the daily chart below: i have marked the resistance levels that might stall price. we can see a good support on the monthly chart. i expect a bounce up.
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