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GBPJPY tests and bounces off the 100 hour MA at 174.39

The GBPJPY moved to the highest level going back to December 2015 in trading today. Looking at the weekly chart, in extending higher, the price moved above a swing area between 174.83 and 175.475. The high price reached up to 175.75 in the early European session before rotating back to the downside.Drilling to the hourly chart, the price moved back below the low of the aforementioned swing area at 174.83, and the swing high from early June (broken on Friday) at 174.678. The low price reached 174... Read More

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Content Topics

Gbpjpy

Tests

Bounces

Hour

174

39 174 39

Forex

Posted: Jun 12 2023, 18:42

Author Name: forexlive

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