- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- GBP/JPY Price Analysis: Plummets below 155.50 after losing more than 2.93% in the day
GBP/JPY Price Analysis: Plummets below 155.50 after losing more than 2.93% in the day
- Weaker than estimated UK economic data and UK’s new budget fueled UK’s recession fears.
- A break below the 200-EMA officially shifted the GBP/JPY as bearish biased.
GBP/JPY plunged more than 450 pips or 2.93% on Friday, amidst risk-aversion, after PMIs reported by S&P Global showed that the EU and the UK could be headed into a recession. Also, news of a new GBP 161 Billion UK budget to stimulate growth might exert upward pressure on UK Inflation, threatening to deteriorate the already battered economy. At the time of writing, the GBP/JPY is trading at 155.48.
GBP/JPY Price Analysis: Technical outlook
On Friday, the GBP/JPY officially shifted to a bearish bias after tumbling sharply below the 200-day EMA at 160.25, reaching six-month-lows at around 155.33. Due to the size of the collapse, the Relative Strength Index (RSI) accelerated towards oversold conditions, with readings at 25.43, suggesting that the pair might be subject to a mean reversion move.
Nevertheless, if the GBP/JPY drops below the 155.00 figure, a fall towards the March 8 daily low at around 150.97 is on the cards. So the GBP/JPY first support would be the 155.00 figure. Once cleared, the next support would be the January 24 cycle low at 152.90, ahead of the 150.97 mark.
On the other hand, the GBP/JPY's first resistance would be the 156.00 mark. Break above will expose the May 27 daily low-turned-resistance at 157.87, ahead of the 158.00 mark.
GBP/JPY Key Technical Levels
© 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.
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
