GBP/JPY sits on thin ice
GBP/JPY continues to struggle for direction, casting doubt on the latest recovery attempt as downside pressures return.
XM Group
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47 hari yang lalu
Overview: GBP/JPY's recent rebound off its 9-month low of 207.45 is losing steam. Lacking the bullish firepower to reclaim 209 for a third straight day, the pair remains stuck in a range. Given the intact bearish SMA crosses and absence of trend reversal signals, sellers may remain firmly in command.
Momentum: The RSI is pointing back towards its 30 oversold threshold, while the stochastic oscillator prepares for a negative crossover, signaling persistent selling interest.
Bearish scenario: A close below 207.90 could squeeze prices toward the 206.30 area. Should the latter give way, the next stop lies around the 161.8% Fibonacci extension at 204.75.
Risk: A move above the former support area at 209.55 would invalidate the bearish bias.
XM Group
4.3
438 ulasan
Tipe: Market Maker
Regulasi: FSA (Seychelles), FSC (British Virgin Islands), CySEC (Cyprus), FSC (Belize), DFSA (UAE), FSCA (South Africa), FSC (Mauritius), CMA (Kenya)
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