Birmingham , UK

GBP/JPY Each day Outlook


Each day Pivots: (S1) 157.21; (P) 158.83; (R1) 162.04; Extra…

GBP/JPY’s rebound type 148.93 prolonged larger and the break of 160.64 help turned resistance argues that fall type 169.10 is completely accomplished. Intraday bias is again on the upside for 169.10 subsequent. On the draw back, nonetheless, under 155.63 will flip bias again to the draw back for retesting 148.93 low as an alternative.

Within the greater image, rise from 123.94 (2020 low) has accomplished at 169.10. 38.2% retracement of 123.94 to 169.10 at 151.84 is already met, and there may very well be some help from there for rebound. However threat will now keep on the draw back so long as 169.10 resistance holds. Sustained buying and selling under 151.84 will goal 61.8% retracement at 141.19.

Leave a comment