News

GBP/JPY Price Analysis: Pound goes ballistic against yen on UK elections

  • GBP/JPY bulls are in full control as the market is having a massive breakout.
  • The level to beat for bulls is the 148.00 resistance. 
 
The GBP/JPY currency cross is trading in a bull trend above the main SMAs on the four hour time frame as the bulls are having a massive breakout on UK’s elections. The buyers will probably try to break above the 148.00 handle. Targets to the upside can be seen near the 148.00, 149.00 and 150.00 levels. On the flip side, support is seen at the 146.00 and 145.00 figures. 
 

Additional key levels

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.