The GBP/JPY pair may extend its decline from the 192-193.5 resistance range, influenced by several factors. Japan remains committed to tightening its monetary policy to bolster the yen’s value, while the USD could weaken further as traders reassess their positions following U.S. interest rate cuts.
This combination has the potential to significantly boost the yen’s strength and shape a medium-to-long-term strategy for the pair. From a technical standpoint, I anticipate either a false breakout or a rejection at the resistance zone, followed by a drop toward the liquidity area.
Support levels: 190.5, 186.7
This combination has the potential to significantly boost the yen’s strength and shape a medium-to-long-term strategy for the pair. From a technical standpoint, I anticipate either a false breakout or a rejection at the resistance zone, followed by a drop toward the liquidity area.
Support levels: 190.5, 186.7
交易結束：目標達成
target reached
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