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GBPJPY falls toward rising 100 hour MA

The GBPJPY has moved lower today, after the high today took out the high from October 2022, and traded to the highest level since 2016, but quickly failed. The high from 2022 reached 172.118. The high from today reached 172.314. However, momentum stalled and the price reversed lower. The pair currently trades at 170.32. The low price reached 169.937 today. The price is trading within a swing area between 170.08 and 170.588, after trying to work below the low of that swing area. There is a battl... Read More

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Gbpjpy

Falls

Toward

Rising

Hour

Forex

Posted: May 2 2023, 18:23

Author Name: forexlive

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