GBP/JPY Struggles to Climb Above 50-Day SMA
GBP/JPY may struggle to retrace the decline from the December high (187.52) amid the failed attempts to trade back above the 50-Day SMA (183.91).
GBP/JPY Outlook
GBP/JPY trades to a fresh weekly high (183.78) as it carves a series of higher highs and lows, with a break/close above the 183.90 (50% Fibonacci retracement) to 184.80 (23.6% Fibonacci extension) opening up 186.60 (50% Fibonacci extension).
However, another failed attempt to push above the 50-Day SMA (183.91) may curb the bullish price action in GBP/JPY, with a move below the 179.70 (61.8% Fibonacci extension) to 180.80 (23.6% Fibonacci retracement) area raising the scope for a test of the monthly low (178.74).
GBP/JPY Outlook
GBP/JPY trades to a fresh weekly high (183.78) as it carves a series of higher highs and lows, with a break/close above the 183.90 (50% Fibonacci retracement) to 184.80 (23.6% Fibonacci extension) opening up 186.60 (50% Fibonacci extension).
However, another failed attempt to push above the 50-Day SMA (183.91) may curb the bullish price action in GBP/JPY, with a move below the 179.70 (61.8% Fibonacci extension) to 180.80 (23.6% Fibonacci retracement) area raising the scope for a test of the monthly low (178.74).
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.