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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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.