- Analytics
- News and Tools
- Market News
- GBP/JPY Price Analysis: Bears pressure daily and hourly support structures
GBP/JPY Price Analysis: Bears pressure daily and hourly support structures
- GBP/JPY is under a little pressure in Asia following a slide from 150.75 on Monday.
- Yen is attracting a safe haven bid across the board due to covid-19 Omicron.
GBP/JPY is weighed to the downside following a slide from 150.75 as the yen attracts a safe haven bid with the concerns over covid-19 and the new Omicron variant.
Covid-19 Omicron variant sinking high-beta FX
The following illustrates the price from a daily and hourly perspective as the bears move in on daily support with risks tilted to the downside for the sessions ahead.
GBP/JPY daily chart
The price broke the daily dynamic support and is pressuring the daily horizontal support area near 149 to current levels.
GBP/JPY H1 chart
With the price below the 21-EMA, the bears are in control and there is a risk of the break of the hourly dynamic support.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
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.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
