GBPJPY Slips Below Resistance as Yen Firms Up
GBPJPY is showing signs of weakness, slipping back into a consolidation zone amid a stronger yen and dollar correction. The pair is testing key resistance between 193.45 and 193.74, with sellers gaining traction. A sustained move below this zone could open the path toward 193.04 and potentially deeper support at 192.35 and 191.65.
While the broader trend remains neutral, the current price action hints at bearish momentum. If resistance holds, the pair may extend its decline as selling pressure builds near range highs.
Key Levels
Resistance: 193.45, 193.74, 194.22
Support: 193.04, 192.35, 191.65
GBPJPY is showing signs of weakness, slipping back into a consolidation zone amid a stronger yen and dollar correction. The pair is testing key resistance between 193.45 and 193.74, with sellers gaining traction. A sustained move below this zone could open the path toward 193.04 and potentially deeper support at 192.35 and 191.65.
While the broader trend remains neutral, the current price action hints at bearish momentum. If resistance holds, the pair may extend its decline as selling pressure builds near range highs.
Key Levels
Resistance: 193.45, 193.74, 194.22
Support: 193.04, 192.35, 191.65
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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.
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.