GBPJPY failed to break above the resistance at 153.30 and a downward correction was launched. Pullback pushed the price to the lower limit of the Overbalance structure at 152.40 and bulls took over once again. According to the Overbalance methodology, as long as the price sits above the lower limit of the structure, the trend remains upward and a return towards recent highs cannot be ruled out. On the other hand, should sellers push the pair below 152.40 and invalidate the setup, a drop may deepen with 151.6 area being first support to watch - 38.2% Fibonacci retracement.
Pair may remain active especially in the second half of this week as the Bank of England is set to announce monetary policy decision on Thursday, 12:00 pm BST.
Source: xStation5
ข่าวเด่นวันนี้
BREAKING: ยอดขายปลีกสหรัฐฯ ต่ำกว่าคาดการณ์
3 ตลาดสำคัญที่ต้องจับตาในสัปดาห์นี้
พรรคของ Takaichi ชนะเลือกตั้งในญี่ปุ่น – ความกังวลหนี้กลับมาอีกครั้ง? 💰✂️
