GBP/JPY Price Analysis: Sellers need validation from 162.70
10.08.2022, 01:20

GBP/JPY Price Analysis: Sellers need validation from 162.70

  • GBP/JPY struggles for clear directions, grinds near intraday high of late.
  • Multiple pullbacks from the key SMAs, impending bear cross on the MACD tease sellers.
  • Bulls should remain cautious below descending trend line from late June.

GBP/JPY steadies near 163.20, after rising for the last three days, during the initial Tokyo session on Wednesday.

The cross-currency pair, however, remains on the bear’s radar as it has repeatedly failed to cross the 100-SMA in the last few days. Also keeping sellers hopeful is the looming bear cross on the MACD.

However, a clear downside break of the weekly support line near 162.70 becomes necessary for the GBP/JPY sellers to retake control.

Following that, a downward trajectory towards 161.00 and the 160.00 psychological magnet can’t be ruled out. Though, the monthly low near 159.45 might challenge the bears afterward.

On the contrary, a convergence of the 100-SMA and the 50% Fibonacci retracement of the June-August downside, near 163.60 restricts the immediate upside of the GBP/JPY pair.

Also acting as an upside filter is the 200-SMA and 61.8% Fibonacci retracement level, respectively around 163.90 and 164.70.

It should be noted that the GBP/JPY bulls remain skeptical until the quote stays below the downward sloping resistance line from late June, around 165.75 by the press time.

GBP/JPY: Four-hour chart

Trend: Further weakness 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