Market Analysis of GBPJPY on Friday 6 October 2023

2023-10-06 12:29Fonte: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 for181.50,182 and final target183 levels respectively.

 QUICK FUNDAMENTAL LOOK                                                                 

There is no stopping USD/JPY’s advance as the US dollar is on track for its tenth consecutive week of gains amid the Federal Reserve’s (Fed) hawkish pause while the Bank of Japan (BOJ) rigorously holds onto its dovish stance.

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

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