FORECAST BY MARIUS GHISEA – GBP/JPY (October 4-9)

The GBP/JPY currency pair will rise in the medium long term, at around 187.80 level where is Fibo 0.382 on the daily chart.The MACD indicates also an uptrend for this currency pair. 

According to the 8 hour chart, GBP/JPY is in a range between 181.20 and 182.90. When the price breaks out of the range at 182.90, this is a confirmation of an uptrend in the near term.