Market Analysis of GBPJPY on Thursday 21 September 2023

2023-09-22 01:01Fonte:BtcDana

GBPJPY TECHNICAL ANALYSIS SHORT TERM VIEW      

 GBPJPY has strong support  174.64 to 179.20 levels and it can rise towards  towards 187  levels  without touch 174 level as shown in graph .Overall trend is positive  and as long as it hold support it can rise towards 187 level sharply l.Inner calculations suggesting for intraday purpose 174 stop loss  and it can rise for181.80,182.10 and final target182.50levels respectively.

 QUICK FUNDAMENTAL LOOK                                                                     

GBP/JPY displayed a robust uptrend from late July, extending well into August. However, the upward momentum began to wane after a failed attempt to break above overhead resistance in the 186.75 area, with prices retreating in recent days, guided lower by a short-term dynamic trendline extended from the 2023 high.

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

Mais