As of 22 Jan 2025, the market sentiment for GBP/JPY is mixed but leaning towards bullish The current support levels are around 190.5, 190.0, and 189.5, while resistance levels are at 192.5, 193.0, and 194.0. The pivot point is at 191.8, and the market price is above this pivot point, supporting a bullish scenario Overall, while there are some concerns about...
The GBP/JPY currency pair is currently exhibiting a strong bearish trend, making it an attractive candidate for shorting. The decision to short GBP/JPY at 190.743 is based on a combination of technical indicators and market sentiment. The overall market sentiment is bearish on GBP/JPY due to recent economic data from the UK showing weaker-than-expected growth,...