GBP/JPY struggles to defend buyers inside a short-term symmetrical triangle, despite posting mild gains around 161.65 during Monday’s Asian session. In doing so, the cross-currency pair rises for the second consecutive day.
Given the steady RSI and the sluggish moves of the pair inside a pattern suggesting trend continuation, the GBP/JPY prices may remain sidelined while printing smaller gains.
However, the 100-SMA and the mentioned triangle’s resistance line highlight the 162.10-15 area as the key hurdle for the pair buyers to tackle.
Following that, a run-up towards the 200-SMA and the mid-month high, respectively near 163.00 and 163.60, can’t be ruled out.
It’s worth noting that multiple hurdles marked during late July and early August could act as the last defense of the GBP/JPY bears around 163.90-164.00.
Meanwhile, pullback moves remain elusive until staying beyond the stated triangle’s support line, at 161.20. Also acting as a downside filter is the 161.00 round figure.
In a case where GBP/JPY remains bearish past 161.00, the odds of witnessing a south-run towards the 160.00 psychological magnet and the monthly low near 159.45 could lure the bears.
-29082022-637973385766865573.png)
Trend: Further upside expected
© 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.