The GBPJPY support is holding buy sentiment at 189.441 due to a combination of technical and fundamental factors.
From a technical perspective, the price has formed a double bottom pattern around the 189.441 level, indicating a potential reversal of the downtrend
Fundamentally, the BOJ's threat of Forex intervention has not had a significant impact for now until we see further break of demand floor like the 189.44 level
our target for gpbjpy will be 200 -202
From a technical perspective, the price has formed a double bottom pattern around the 189.441 level, indicating a potential reversal of the downtrend
Fundamentally, the BOJ's threat of Forex intervention has not had a significant impact for now until we see further break of demand floor like the 189.44 level
our target for gpbjpy will be 200 -202
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