- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- GBP/JPY: A corrective decline is upon us – DBS Bank
GBP/JPY: A corrective decline is upon us – DBS Bank
GBP/JPY has seen a staggering 35.7% rally from 124.09, late March 2020 lows. However, there are signs the cross having met its 61.8% Fibonacci retracement at 167.49 requires a downward correction to correct the excesses, Benjamin Wong, Strategist at DBS Bank, reports.
Seasonality studies typically show the cross adopts a weaker profile as it enters the month of May through August
“There are some formative nuances that requires a downward correction of excesses. In trading up to 168.43, the cross has exceeded 167.49, the 61.8% Fibonacci retracement of the 195.88-121.61 range grip that covered the Brexit referendum crisis into October 2016. On the technical panel, the cross is now straddling the top end away from the mean of standard deviations. A rising trendline resistance that drives up from 121.61 lows has as well played its part in retarding the move to 168.43.”
“A quick check on seasonality studies; a 10-year back-test shows GBP/JPY typically has a weaker profile as we enter the month of May through August.”
“The market remains on tenterhooks over the Bank of Japan’s (BoJ) policy where JPY weakness has been persistently driven by the BoJ’s determination to anchor yields within its Yield Curve Control target band. Until that changes, or on the vanguard of a Mi JPY intervention, any decline assumes a corrective tone.”
© 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.
Банковни транcфери
