Asterisk denotes strength of level<br/>07:10 GMT - Saw rebound from the 178.53 low last week as prices unwind the oversold intraday and daily studies to reach strong resistance at the 184.00/184.45 area. Gains beyond this, if seen, will open up stronger recovery to the 185.05/186.00 area. Corrective boun

PakLai Ng

Technical Analyst

Chart GBP/JPY Update: Corrective bounce checked at 184.00/45 resistance

Asterisk denotes strength of level<br/>07:45 GMT - Rejection from the 184.00/184.45 resistance has seen steep drop to retest the 178.53/178.00 support and 200-day MA. Negative daily and weekly studies suggest scope for break here to extend losses from the November YTD high. Break will see deeper pullback

December 14, 2023

Chart GBP/JPY Update: Weighing on 178.53/178.00 support, break in focus

December 12, 2023

Chart GBP/JPY Update: Corrective bounce checked at 184.00/45 resistance