GBP/JPY Price Analysis: Portrays bullish consolidation above 181.00
18.07.2023, 02:34

GBP/JPY Price Analysis: Portrays bullish consolidation above 181.00

  • GBP/JPY remains indecisive within the key trading range, fades previous week’s recovery.
  • Convergence of 100-SMA, one-month-old horizontal region guards immediate upside.
  • Nine-week-old rising support line, 200-SMA prods bears; monthly low acts as additional downside filter.
  • Oscillators suggest further grinding toward the south but sellers seem cautious of late.

GBP/JPY seesaws around 181.30-40 as it struggles to defend the week-start losses, as well as fade the previous week’s rebound, amid early Tuesday morning in Europe. In doing so, the cross-currency pair portrays the market’s indecision ahead of the top-tier UK data.

That said, the GBP/JPY pair’s recovery from an upward-sloping trend line from May 11 failed to cross the one-month-long horizontal area comprising the 100-SMA.

The quote’s failure to cross the key resistance region surrounding 182.15-40 joins the impending bear cross on the MACD and the steady RSI (14) line to lure the GBP/JPY sellers in marking another attempt to break the multi-day-old support line, close to 180.30 at the latest.

However, the 180.00 psychological magnet and the 200-SMA level of around 179.90 can test the bears before giving them control. Also acting as a downside filter is the monthly low of near 179.45.

Meanwhile, the GBP/JPY pair’s upside clearance of the 182.40 hurdle will target the yearly top of around 184.00 resistance.

Following that, July 2015 low near 185.00 may test the bulls ahead of directing them to the 190.00 threshold.

GBP/JPY: Four-hour chart

Trend: Limited downside 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