GBP/JPY Price Analysis: Recovery needs validation from 163.60
22.09.2022, 06:30

GBP/JPY Price Analysis: Recovery needs validation from 163.60

  • GBP/JPY picks up bids to reverse post-BOJ losses.
  • 200-SMA, one-week-old resistance line challenges buyers amid sluggish oscillators.
  • Bears have multiple hurdles before aiming at the 160.00 threshold.

GBP/JPY rises half a percent as it reverses the Bank of Japan (BOJ) led moves near 163.10 during early Thursday morning in Europe. In doing so, the cross-currency pair bounces off the two-week low while poking the 200-SMA.

In addition to the 200-SMA level of 163.10, the downward sloping resistance line from September 13, around 163.60, also challenges the pair buyers.

It’s worth noting that the sluggish MACD signals and the RSI (14) also challenge the GBP/JPY buyers.

In a case where the quote rises past 163.60, the odds favoring its run-up towards the latest swing high near 164.40 and the monthly peak of 167.22 can’t be ruled out.

Alternatively, pullback moves need a clear downside break of the seven-week-old support line, close to 162.00 by the press time.

Following that, multiple levels around 161.40 and 160.70-80 could test the GBP/JPY bears before directing them to the 160.00 psychological magnet. Also acting as a downside filter is the previous monthly low near 159.45.

To sum up, GBP/JPY is likely to pare recent losses but the recovery needs a successful break of 163.60 resistance.

GBP/JPY: Four-hour chart

Trend: Further recovery 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.

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