Technical analysis of GBP/JPY today is in an uptrend. As the chart below shows. The price of the pound yen is trading at $192.08, and trading appears above most of the moving average intersections, and the MACD indicator indicates a positive trend. Accordingly, we can look to buy from the rise to $192.57, and the target area may be $193.56. It is also recommended to choose the $191.14 area as a stop loss point to control the risk.
Technical Analysis of GBP/JPY: On the other hand
On the other hand, if the sell zone at $191.14 is broken, the GBP/JPY price may head towards the $190.42 level.
Technical Analysis of GBP/JPY: Resistance and support levels
- Second resistance: 194.00
- First resistance: 193.00
- Pivot level: 192.00
- First support: 191.00
- Second support: 190.00
