• Key Support: 191.70 – A bounce from this level could push prices higher.
• Upside Targets: 194.00, 195.50, and 195.70 if the bullish trend continues.
• Bearish Scenario: A break below 191.70 could lead to further declines toward 190.90, 190.00, and 189.00.
Conclusion: The trend remains bullish unless GBP/JPY drops below 191.70, which would signal further downside risk.
• Upside Targets: 194.00, 195.50, and 195.70 if the bullish trend continues.
• Bearish Scenario: A break below 191.70 could lead to further declines toward 190.90, 190.00, and 189.00.
Conclusion: The trend remains bullish unless GBP/JPY drops below 191.70, which would signal further downside risk.
Trade active
Trade closed: target reached
Trump's "uncertain" tariff policy caused investors to flee from US dollar assets, and the US dollar index once broke the integer mark. Institutions believe that the Federal Reserve may make a "preventive" interest rate cut?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.