Source: PaxForex Premium Analytics Portal, Technical Insight
Prime Minister Kishida: The stability of the currency is important.
GBP/JPY,D1
Pivot: 162.63
Analysis:
As long as price is above 159.60 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 162.63
- Take profit 1: 164.62
- Take Profit 2: 166.50
Alternative scenario:
If the level of 159.60 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 159.60
- Take profit 1: 157.60
- Take profit 2: 156.30
Comment:
RSI indicates the potential for an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 168.45 | 159.60 |
| 166.50 | 157.60 |
| 164.62 | 156.30 |
