GBP/JPY bounced from 195.3 and is testing resistance at 197.0, where a bearish fair value gap is located.
Stochastic shows rising momentum at 28.0, but institutional data favors the Yen, with increasing long contracts.
If 197.0 holds, the pair may retest 195.3, the previous day's low. The bearish outlook remains valid below the 197.8 resistance.
Stochastic shows rising momentum at 28.0, but institutional data favors the Yen, with increasing long contracts.
If 197.0 holds, the pair may retest 195.3, the previous day's low. The bearish outlook remains valid below the 197.8 resistance.
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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.