• 463 days Will The ECB Continue To Hike Rates?
  • 463 days Forbes: Aramco Remains Largest Company In The Middle East
  • 465 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 865 days Could Crypto Overtake Traditional Investment?
  • 870 days Americans Still Quitting Jobs At Record Pace
  • 872 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 875 days Is The Dollar Too Strong?
  • 875 days Big Tech Disappoints Investors on Earnings Calls
  • 876 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 878 days China Is Quietly Trying To Distance Itself From Russia
  • 878 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 882 days Crypto Investors Won Big In 2021
  • 882 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 883 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 885 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 886 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 889 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 890 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 890 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 892 days Are NFTs About To Take Over Gaming?
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

GBP/JPY - Challenging its Recent Lows

GBP/JPY continues to move within a declining channel. The hourly support at 173.44 (08/10/2014 low) is challenged. A more significant support stands at 172.99. Hourly resistances can be found at 175.15 (07/10/2014 high) and 175.91 (03/10/2014 high, see also the declining channel).

In the long-term, the break of the major resistance at 163.09 (07/08/2009 high) confirms a long-term rising trend. However, the failure to hold above the resistance at 179.17 (see also psychological threshold at 180.00) favours a phase of consolidation. Strong supports lie at 172.99 (16/09/2014 low) and 169.51 (11/04/2014 low). Another resistance can be found at 183.98 (50% retracement of the 2007-2009 decline).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment