Witnessing several price increases
Updated
The next resistance level to overcome will be the final highest level of 183.82 before buyers can potentially challenge the highest level in several years set in August, above 186.00.
The support price is currently valued at a very low level after a sudden decline in early October to 178.00, and the long-term prospects indicate that GBP/JPY remains firmly positioned at a high level with the 200-day SMA tilting upwards, but much lower than the current price action, just below 174.00.
The support price is currently valued at a very low level after a sudden decline in early October to 178.00, and the long-term prospects indicate that GBP/JPY remains firmly positioned at a high level with the 200-day SMA tilting upwards, but much lower than the current price action, just below 174.00.
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Trade closed: stop reached
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