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28.03.202206:19 Forex Analysis & Reviews: Elliott wave analysis of GBP/JPY for March 28, 2022

Exchange Rates 28.03.2022 analysis

GBP/JPY continues to rally. It is closing in on our long-term target at 163.39. We would not be surprised to see 163.39 surpassed slightly, but we expect the on-going rally to be a cap near the long-term target at 163.39 for a larger corrective consolidation towards 156.85 and possibly even closer to 151.81. Now, the main focus should remain towards the upside for a rally to 163.39. However, the best of the rally is behind us now.

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Torben Melsted,
Analytical expert of InstaSpot
© 2007-2025
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