Price action on GBP/JPY has shown upward momentum after reaching the 193 level and failing to break below it.
Possible scenarios include:
• A retest of the 193.6 area, where failure to close below this level could suggest continued bullish pressure. In such a case, attention may shift toward the 194.7 region as a potential level of interest. Sustained momentum could see the pair approach the 196 area, though a move back toward 193.6 remains possible if upward pressure fades
• Around 196, price behavior could become more reactive. This area may attract interest from market participants watching for signs of reversal, particularly if technical patterns suggest a slowdown in upward momentum. Should that occur, a move toward 194.8 may come into focus.
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Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Possible scenarios include:
• A retest of the 193.6 area, where failure to close below this level could suggest continued bullish pressure. In such a case, attention may shift toward the 194.7 region as a potential level of interest. Sustained momentum could see the pair approach the 196 area, though a move back toward 193.6 remains possible if upward pressure fades
• Around 196, price behavior could become more reactive. This area may attract interest from market participants watching for signs of reversal, particularly if technical patterns suggest a slowdown in upward momentum. Should that occur, a move toward 194.8 may come into focus.
Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Come join us today at : easymarkets.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.