Skip to content 
Instrument: GBPJPY
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 156.764 with take profit at 157.013
Bearish Preference:
Sell position is envisaged if price trades below 156.415 with take profit at 156.208.
Fundamentals:
No Major Fundamentals
Comment:
The GBP/JPY cross quickly recovered around 60 pips from the daily low and was last seen trading with modest intraday losses, near the 156.65 region. Having struggled to find acceptance above the 157.00 mark, the GBP/JPY cross witnessed heavy selling during the Asian session on Thursday amid anxiety over the Russia-Ukraine standoff.
Analysis: SCRUM Team
