GBP/JPY Price Analysis: Key SMAs probe six-day downtrend near monthly low
25.01.2022, 02:44

GBP/JPY Price Analysis: Key SMAs probe six-day downtrend near monthly low

  • GBP/JPY remains on the back foot for the sixth consecutive day, fades Monday’s corrective pullback.
  • Convergence of 50-DMA, 100-DMA challenges immediate declines ahead of 200-DMA.
  • Bearish MACD signals keep sellers hopeful, two-week-old descending trend line becomes crucial resistance.

GBP/JPY takes offers around 153.30, down 0.27% intraday to portray six-day declines during early Tuesday.

In doing so, the cross-currency pair jostles with the 100-DMA and 50-DMA while reversing the late Monday’s rebound from the one-month low.

Given the bearish MACD and failures to keep the bounce off 152.90, GBP/JPY prices are likely to remain pressured. However, a daily closing below the 200-DMA level of 153.00 becomes necessary for the pair sellers to remain in the driver’s seat.

Following that, the early November 2021 low near 152.40 and 23.6% Fibonacci retracement (Fibo.) of November-December downside, near 151.15, will be in focus.

Alternatively, recovery moves may initially aim for the 61.8% Fibo. level of 154.70.

However, GBP/JPY bulls remain unconvinced til the quote stays below a downward sloping resistance line from January 12, near 155.30.

Overall, GBP/JPY sellers keep the reins but further downside becomes doubtful.

GBP/JPY: Daily chart

Trend: Recovery moves expected

 

© 2000-2024. 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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

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.

Politika poverenja

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.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik