GBP/JPY hit the monthly high resistance at 199.8, a level backed by a bearish fair value gap from July 2024. The pair now trades near 199.2, just below this zone.
With supply levels extending to 201.9, a decline toward the weekly support at 195.3 is expected if selling pressure builds.
With supply levels extending to 201.9, a decline toward the weekly support at 195.3 is expected if selling pressure builds.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
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.