Technical Analysis – Will GBPJPY enter territories last seen in 2015?
Posted on March 19, 2024 at 9:49 am GMTGBPJPY trades higher and hits resistance near 191.30 Remains in uptrend despite BoJ decision MACD and RSI detect positive momentum For the outlook to change, a dip below 187.95 may be needed GBPJPY traded higher yesterday, but hit resistance near the 191.30 barrier today, marked by the high of February 26, and pulled back somewhat. Even after the BoJ took interest rates out of negative territory and abandoned yield curve control, the pair remains in an uptrend as denoted by [..]