• 517 days Will The ECB Continue To Hike Rates?
  • 517 days Forbes: Aramco Remains Largest Company In The Middle East
  • 519 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 919 days Could Crypto Overtake Traditional Investment?
  • 923 days Americans Still Quitting Jobs At Record Pace
  • 925 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 928 days Is The Dollar Too Strong?
  • 929 days Big Tech Disappoints Investors on Earnings Calls
  • 930 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 931 days China Is Quietly Trying To Distance Itself From Russia
  • 932 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 936 days Crypto Investors Won Big In 2021
  • 936 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 937 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 939 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 939 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 943 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 943 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 944 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 946 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

GBP/JPY - Forming a Potential Double-Top?

GBP/JPY has failed to break the resistance at 184.33. Monitor the support at 181.13, as a break would validate a double-top formation. Another support stands at 179.66 (see also the rising trendline).

In the long-term, the trend is positive as long as the strong support area between 169.51 (11/04/2014 low) and 167.78 (18/03/2014 low) holds. The break of the strong resistance at 180.72 (19/09/2014 high) opens the way for further strength. A key resistance stands at 197.45 (24/09/2008 high).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment