## Analysis of GBP/JPY and Potential Market Movements The GBP/JPY currency pair, currently trading around 203.42, has been exhibiting a bearish trend. This downward movement has been gradual, reflecting a cautious market sentiment. However, the...
This week has seen an upward correction in the market, yet the EUR/USD pair has not managed to touch the 100-period simple moving average (SMA) line, indicating persistent bearish sentiment in the monthly trend. Observing the EUR/USD chart reveals a...
EUR/JPY daily H1 timeframe chart The growth in the EUR/JPY pair continues, which, in principle, is already familiar and expected. Buyers are now approaching the range that previously held back growth. Let's see how they go this time, but the chances...
USD/JPY daily H1 timeframe chart On the downside, the immediate support for USD/JPY lies at the nine-day exponential moving average (EMA) at 158.60. A dip below this level could trigger a sell-off, potentially pushing the exchange rate towards the...
1. **Economic Data**: Economic indicators from both the UK and Japan play a crucial role in influencing the GBP/JPY exchange rate. For the UK, data such as GDP growth, employment figures, inflation rates, and Bank of England's monetary policy...