• GBPJPY reversed from resistance level 161.40
• Likely to fall to support level 160.00
GBPJPY currency pair recently reversed down from the resistance level 161.40 (which has been reversing the price from the end of December), standing near the upper daily Bollinger Band.
The downward reversal from the resistance level 1.0800 continues the (b)-wave of the longer-term ABC correction (B) from the start of January.
Given the overbought daily Stochastic, GBPJPY currency pair can be expected to fall further toward the next support level 160.00.
This week, we’re tracking the US Dollar’s powerful climb following Trump's victory, hitting a crucial…
Next week, several countries including Canada, the UK, and Japan will release their estimates of…
Investors have been selling off gold, with this week's drop being the largest in three…
The Hang Seng Index has fallen 20% from its peak, marking the start of a…
The S&P500 reached the 6000 mark but faced resistance due to fatigue and dollar appreciation.…
The crypto market has continued to cool down for the third day, with a 1.7%…
This website uses cookies