- GBP/JPY Price Analysis: Bulls looking to pounce again at a discount
Notícias do Mercado
29 março 2023
GBP/JPY Price Analysis: Bulls looking to pounce again at a discount
- GBP/JPY bulls sit tight in anticipation of a discount.
- Bulls eye a run to 162.50 for the session ahead.
GBP/JPY is climbing in Asia as the Yen gets sold off. The bulls are sitting in the wings looking for a discount as the following illustrates.
GBP/JPY H1 charts
The W-formation is a reversion pattern and while the price is hugging the dynamic trendline support, a correction into the neckline would be expected to be met with buying force to propel the pair higher in due course woth 162.50 eyed.
GBP/JPY M5 chart
GBP/JPY bulls are lurking on the 5 min chart where prior resistance meets the combination of the 61.8% and 38.2% ratios near 162.00.
O foco de mercado
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