Technicals

Add as a preferred source on Google

GBP/JPY next key hurdle at 192.46; Fibo targets upper 190s

GBP/JPY next key historical hurdle is the Mar '08 spike low at 192.46 61.8% of the '07-'11 drop & 161.8% off the '11 base are at 199.79 & 198.35 Those bullish structures retrace well to key '14 lows Post UK election lift…

1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

  • GBP/JPY next key historical hurdle is the Mar '08 spike low at 192.46 

  • 61.8% of the '07-'11 drop & 161.8% off the '11 base are at 199.79 & 198.35

  • Those bullish structures retrace well to key '14 lows

  • Post UK election lift, hopes MPC will tighten in time & yield spreads underpin

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560