GBPJPY today broke through the support area lying between the key support level 132.40 (which has been steadily reversing the price from the end of March).
The breakout of this support area continues the active medium-term impulse wave (C) from the end of April.
With the strengthening bullish Yen sentiment – GBPJPY is expected to fall further toward the next round support level 130.00.
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
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- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
Japanese inflation is rising, with corporate goods prices inflation accelerating to 3.4% y/y in October,…
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