GBP/JPY: Technical Analysis
GJ initiated a downward move, breaching the previous day's low at 190.358, but this proved to be a deceptive maneuver, as the bearish sentiment faltered. Instead, the market exhibited resilience, embarking on an upward retracement. Anticipating a bullish resurgence, attention is drawn to GJ's rebound from the key Fibonacci retracement level of 190.599. The objective is to challenge the daily peak of 190.932, followed by a brief correction before gathering momentum for a targeted ascent towards 191.351.
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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.