GBP/JPY pair has recently touched 197.00 from around 191.50, a significant move. According to analysis by former BoJ Governor Kazuo Ueda, the central bank may postpone its next interest rate hike until September. This wait-and-see approach could allow them to assess economic data coming in July and August. Additionally, Japanese Finance Minister Shunichi Suzuki has emphasized cooperation with the BoJ to monitor and respond to currency trends. Despite these efforts, the GBP/JPY pair is significantly lower than its 16-year high near 200.50, currently ranging between 196.47 and 198.57. The market is still digesting the effects of BoJ interventions, possibly influenced by the departure of the US Federal Reserve. Continuous pressure on the Yen may be expected from further interventions by Japanese authorities. Technical indicators hint at new changes. While the Average Directional Index (ADX) signals the end of the recent uptrend, the Relative Strength Index (RSI) remains neutral. However, the Stochastic indicator shows rapid declines, suggesting a bearish outlook for the Yen if it continues towards the midpoint. push kar sakta hai. Yeh level khaas ahmiyat rakhta hai kyunki yeh Bank of Japan ko majboor kar chuka hai market mein do martaba intervene karne par late April mein Yen ko weak karne ke liye. Bank of Japan ab bhi ek wildcard factor hai. Jab US markets May 27th ko band hain, ek window of opportunity mojood hai ek aur intervention ke liye agar Bank isay zaroori samjhe Yen ki weakness ko curb karne ke liye. Potential headwinds ke bawajood, kuch technical indicators uptrend ko favor karte hain. Average Directional Movement Index (ADX) apne highest level tak pahunch gaya hai March-June 2023 rally ke baad, jo ek strong directional movement signify karta hai. Aise hi, Stochastic indicator dobara overbought zone mein hai, current bullish momentum ko reinforce karte hue. Lekin, RSI ka qareebi jaiza ek potential chink dikhata hai bullish armor mein. Indicator higher highs banane mein nakam lagta hai, jo kuch underlying weakness ko suggest karta hai. Agar bulls ko control maintain karna hai, toh unhe GBP/JPY ko 198.59 ke support level ke upar rakhna hoga aur aakhir kaar April 29th ka high 200.50 ko retest karna hoga. Agar 200.50 ke upar successful break hota hai, toh yeh Japanese authorities ke taraf se ek aur intervention ko trigger kar sakta hai, jo potential losses ko lead kar sakta hai. GBP/JPY ek critical juncture par hai, bulls aur bears ek tug-of-war mein engaged hain. Aane wale din yeh determine karne mein crucial honge ke pair ki direction kya hogi aur kya uptrend apni momentum ko maintain kar sakta hai
GBP/JPY ek critical juncture par hai, bulls aur bears ek tug-of-war mein engaged hain. Aane wale din yeh determine karne mein crucial honge ke pair ki direction kya hogi aur kya uptrend apni momentum ko maintain kar sakta hai GBP/JPY 192.57 ke July 21, 2005 ke low par resistance test kar sakta hai aur shayad January 2, 2024 ko banaye gaye uptrend line ko todh sakta hai. Agar breakout kamiyab ho jata hai, to GBP/JPY 193.52 ke current high ke upar ek naya 2024 high set kar sakta hai, jo ke 195.00 ke qareeb hoga. Main samajhta hoon ke trading plan wazeh hai jo ke bullish trend conditions aur price pattern structure par nazar rakhne ke liye hai jo abhi tak higher high - higher low dikhata hai. Position entry tab ki jati hai jab price downward correction phase ko complete karti hai jo ke EMA 50 ya price range 200.42 ke qareeb hone ka imkaan hai. Tasdeeq valid Stochastic indicator parameter crossing ka intezar hai jo oversold zone par level 20 - 10 mein hoti hai. Is doran MACD indicator ko lagta hai ke uptrend momentum ko maintain karne ke liye kafi hai. Take profit ko 201.28 ke high prices par rakha ja sakta hai aur stop loss ko 199.91 ke low prices ke qareeb
GBP/JPY ek critical juncture par hai, bulls aur bears ek tug-of-war mein engaged hain. Aane wale din yeh determine karne mein crucial honge ke pair ki direction kya hogi aur kya uptrend apni momentum ko maintain kar sakta hai GBP/JPY 192.57 ke July 21, 2005 ke low par resistance test kar sakta hai aur shayad January 2, 2024 ko banaye gaye uptrend line ko todh sakta hai. Agar breakout kamiyab ho jata hai, to GBP/JPY 193.52 ke current high ke upar ek naya 2024 high set kar sakta hai, jo ke 195.00 ke qareeb hoga. Main samajhta hoon ke trading plan wazeh hai jo ke bullish trend conditions aur price pattern structure par nazar rakhne ke liye hai jo abhi tak higher high - higher low dikhata hai. Position entry tab ki jati hai jab price downward correction phase ko complete karti hai jo ke EMA 50 ya price range 200.42 ke qareeb hone ka imkaan hai. Tasdeeq valid Stochastic indicator parameter crossing ka intezar hai jo oversold zone par level 20 - 10 mein hoti hai. Is doran MACD indicator ko lagta hai ke uptrend momentum ko maintain karne ke liye kafi hai. Take profit ko 201.28 ke high prices par rakha ja sakta hai aur stop loss ko 199.91 ke low prices ke qareeb
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