- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- GBPJPY Price analysis: Testing the neckline of an “H&S” pattern at 165.00
GBPJPY Price analysis: Testing the neckline of an “H&S” pattern at 165.00
- The Pound fails at 167.10 and returns to the support area at 165.00.
- Below 165.00 the pair may activate an "H&S" pattern targeting 160.00 or lower.
The Pound headed south against the Japanese Yen for the third consecutive day on Thursday, extending its reversal from Monday’s high at 169.05 to test the neckline of a Head & Shoulders pattern at 165.00.
The Yen surged after US CPI data
The mild recovery attempt seen during the Asian and early European sessions lacked follow-through above 167.00, and the pair dropped sharply during the early US trading session, with the Japanese Yen skyrocketing after the release of US inflation data.
Yen strength has pulled the pair to test an important support level at 165.00, where the October 14 and 21 and November 3 and 4 lows meet the 50-day SMA.
Hourly charts show the pair close to overbought levels, which might favor some consolidation before further movement takes place.
A confirmation below 165.00 would increase negative pressure and send the pair to test the 100-day SMA, now at 164/05 area, and the 200-day SMA, at 162.10 before aiming for October’s low at 159.80.
On the flip side, the pair should breach intra-day resistance at 167.50 to ease negative pressure, and extend towards November 6 and 7 high at 167.11, which closes the path to the 170.00 psychological level.
GBP/JPY daily chart
Technical levels to watch
© 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
