• 701 days Will The ECB Continue To Hike Rates?
  • 702 days Forbes: Aramco Remains Largest Company In The Middle East
  • 703 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,103 days Could Crypto Overtake Traditional Investment?
  • 1,108 days Americans Still Quitting Jobs At Record Pace
  • 1,110 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,113 days Is The Dollar Too Strong?
  • 1,113 days Big Tech Disappoints Investors on Earnings Calls
  • 1,114 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,116 days China Is Quietly Trying To Distance Itself From Russia
  • 1,116 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,120 days Crypto Investors Won Big In 2021
  • 1,120 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,121 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,123 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,124 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,127 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,128 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,128 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,130 days Are NFTs About To Take Over Gaming?
Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

GBP/JPY - Consolidating Below The Resistance at 184.19

GBP/JPY has broken the key resistance area between 180.28 and 180.94, validating a bullish reversal pattern with an upside potential at 184.70. However, monitor the consolidation between the support at 181.54 and the resistance at 184.19. Another support stands at 180.17 (09/02/2015 low).

In the long-term, the lack of any medium-term bearish reversal pattern favours a bullish bias. A support is given by the 200-day moving average (around 176.30), while a strong support area lies between 169.51 (11/04/2014 low) and 167.78 (18/03/2014 low). A strong resistances stands at 190.00 (psychological threshold).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment