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تجارتی پلیٹ فارم
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29.09.202312:36 Forex Analysis & Reviews: GBP/JPY: further growth confirmed

Exchange Rates 29.09.2023 analysis

GBP/JPY Strong Buyers!

The currency pair extended its growth and now is trading at 182.88 at the time of writing. As you can see on the H1 chart, the rate jumped above the minor downtrend line and above the 182.21 former high signaling an upside reversal. These represented immediate upside obstacles.

In the short term, the rate came back to retest the broken 182.21 upside obstacle, confirming the breakout.

GBP/JPY Trading Conclusion!

Retesting 182.21 and jumping far above the 182.64 former high validates further growth and was seen as a new buying opportunity. The major downtrend line could be seen as the next major obstacle.

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

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