GBP JPY Forecast May 2019 – will it go up?

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GBP JPY Daily shows this pair following a down trend for awhile and has moved past the .236 of the Fib scale. Although the rsi is in the buy zone and it might make a small retracement it looks like it is headed for the 1.618 at 134.826

What does the Hourly shows for GBP JPY Forecast?

Hourly shows this pair crossed an up trend line and is continuing a severe down move. The rsi is almost in the sell zone where it should retrace a bit then it should continue down to the 1.618 at 138.448

 

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