- Analytics
- News and Tools
- Market News
- GBP/JPY Price Analysis: Bulls eye 175.00 while above 173.00
GBP/JPY Price Analysis: Bulls eye 175.00 while above 173.00
- GBP/JPY bulls eye the 175.00 level.
- 173.00 is key support and eyed on the hourly correction.
GBP/JPY is well on its way towards the 175 area having climbed sharply in a continuation of the 2023 bullish trend. The following will illustrate prospects for the price meeting 175.00 in due course.
GBPJPY weekly charts
175.00 was a key resistance in 2016.
GBP/JPY daily chart
The start of the week has seen the bulls in control with little signs of a deceleration so far.
GBP/JPY H4 chart
The trendline support remains intact, so far.
GBP/JPY H1 chart
The hourly chart shows that the price is moving to the backside of the trend but should the bulls commit to above 173.00, there will be prospects of a continuation of the bullish trend.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
