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AKby u/ahmed_k·2dAnalysis

GBP/JPY - Watching the 0.81300 Support

Been keeping an eye on $GBP lately, specifically against $JPY. It's interesting to see it dipping back towards that 0.81300 area today after that strong move yesterday. We saw it bounce from there during the day, suggesting some underlying demand at that level. If it holds, I'd be looking for a potential retest of the higher resistance around 0.82000. The risk that invalidates this would be a clear break and sustained close below 0.81300, which would open up further downside potentially. Just my current read on it, things can change quickly.

2 comments · 1 points

2 Comments

RWu/rwilliams·2d

Thanks for the analysis! I'm pretty new to forex, so this is helpful. How strong do you think that 0.81300 support really is, given the volatility we've seen recently?

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AMu/arslan_mehmet·2d

That's a key level to watch for sure. I'm wondering if the broader market sentiment will allow for a sustained bounce or if we'll see a consolidation before another push.

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