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GBP/JPY PRICE ANALYSIS: CLIMBS, BUT BUYERS LOOM, TARGETING 191.00

guntur360
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  • GBP/JPY nears week's highs, showing cautious uptrend despite lower high.
  • Support at 190.96, resistance at 192.00 mark pivot points.
  • Market eyes technical indicators, global economy for future direction.

The GBP/JPY posted decent gains of 0.17% on Friday amid a risk-on impulse following the release of market-moving economic data from the United States. Nonfarm Payrolls for March exceeded estimates, though they barely benefitted the US Dollar as witnessed by the GBP/USD. At the time of writing, the pair exchanges hands at 191.60 after hitting a low of 190.67.


Edited 08 Apr 2024, 00:38

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