Weekly technical analysis for the Japanese Pound GBP-JPY

The pound against the Japanese yen is creeping upwards affected by the momentum on the MACD indicator, as it carried out a strong positive attack on the sideways area, which represents an important resistance on the H4 - H1 chart together and is now gathering positive momentum to resume the rise to the level of 137.85, which will be the selling point this week. A drop is expected. Prices are slightly affected by the resistance that we are facing now, referred to as the blue rectangle, and then the positive attack again. Traders are advised to maintain a suitable stop loss.

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