GBP/JPY struggles to defend the weekly gains, taking rounds to 150.10 during early Friday.
The cross-currency pair remained pressured during the last three days while consolidating the strong gains marked on Monday. The resulting moves portray a weekly symmetrical triangle to restrict the pair prices.
That said, the firmer RSI conditions and a sustained bounce off triangle support hints at a further run-up towards the pattern’s upper line, near 150.30 by the press time.
Given the 200-HMA level of 150.35 adding strength to the pair’s short-term resistance, GBP/JPY upside past 150.35 becomes difficult, a break of which will quickly fuel the pair towards a descending resistance line from November 28, around 150.75 at the latest.
Should the GBP/JPY bulls keep reins past 150.75, odds of witnessing a rally towards November 19 swing low near 152.50 can’t be ruled out.
On the flip side, pullback moves remain elusive beyond the triangle’s support line of 149.60. Also acting as immediate support is the 150.00 threshold.
If at all the GBP/JPY bears break the stated triangle towards the south, the latest low around 149.00 and the yearly trough surrounding 148.50 should lure the bears.
Though, any further downside past 148.50 will be challenged by the likely RSI conditions and December 2019 high close to 147.90.

Trend: Sideways
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
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.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.