GBPJPY | Thoughts and Analysis Pre-UK GDP | Forex
Hello, traders! Welcome to today’s update. In this session, we’ll be focusing on the GBPJPY pair, analyzing its performance on the daily chart.
Today’s focus: GBPJPY
Pattern – Breakout
Support – 188.25? 186.14
Resistance – 189.88
After what looked like a new breakout, sellers have started to test buyer confidence after news hit JPY traders yesterday. The question remains: will we see buyers hold the breakout and continue to push higher, or will we see sellers break through and possibly retest 186.14 support?
Another factor to keep an eye on is UK GDP; it’s due at 6 pm AEDT today.
Good trading.
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