2024-11-11 05:46
IndustryGBPJPY Fails to Challenge 200.00 Key Level
GBPJPY retreats after several attempts to touch the 200.00 round number, but the short-term bias remains positive.
From a technical perspective, there is a growing risk of a negative correction. The stochastic oscillator is pointing south, ready to post a bearish crossover, while the RSI is ticking down near the neutral threshold of 50.
If GBPUSD extends its rally above the 199.70 resistance, the 200.00 is the first point of call, after which attention would turn to the 202.00 handle.
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GBPJPY Fails to Challenge 200.00 Key Level
| 2024-11-11 05:46GBPJPY retreats after several attempts to touch the 200.00 round number, but the short-term bias remains positive.
From a technical perspective, there is a growing risk of a negative correction. The stochastic oscillator is pointing south, ready to post a bearish crossover, while the RSI is ticking down near the neutral threshold of 50.
If GBPUSD extends its rally above the 199.70 resistance, the 200.00 is the first point of call, after which attention would turn to the 202.00 handle.
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