简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:In doing so, the cross-currency pair justifies the previous days Doji candlestick, as well as bearish MACD signals, by taking a U-turn from the 21-DMA.
GBP/JPY pares intraday gains as short-term moving average tests buyers.
Downbeat MACD signals, the previous days bearish candlestick also tease sellers.
Bears need validation from 50% Fibonacci retracement level to retake controls.
GBP/JPY retreats from the intraday high while consolidating the daily gains around 163.45 during Mondays Asian session.
Other than the 21-DMA hurdle of 163.60, a horizontal area comprising multiple levels marked since late March also challenges the GBP/JPY buyers around 164.65-75.
Should the quote rise past-164.75, the odds of witnessing a run-up towards April‘s peak of 168.43 can’t be ruled out.
On the flip side, the 160.00 threshold may entertain GBP/JPY bears ahead of directing them to the 50% Fibonacci retracement (Fibo.) of March-April upside, near 159.65.
It‘s worth noting, however, that a daily closing below 159.65 will need validation from March’s low surrounding 159.00 before highlighting the 61.8% Fibo level of 157.59 for the pair sellers.
To sum up, GBP/JPY buyers seem exhausted but the bears have a long way before retaking the control.
GBP/JPY: Daily chart
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
According to the report, the US dollar is approaching a significant turning point, with expectations growing that the Federal Reserve will accelerate interest rate cuts to bolster the economy. As a result, the dollar is on the verge of erasing nearly all of its gains from this year.
Two prominent strategies often compete for the attention of traders: trend following and counter-trend trading. Each method has its strengths and weaknesses, and understanding them can help you choose the approach that aligns best with your trading style and risk tolerance.
Discover the top digital payment trends for 2025, including cryptocurrencies, contactless payments, and AI fraud detection, transforming global financial transactions.
In this article, we will conduct a comprehensive examination of Vantage, delving into its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.