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GBPJPY News

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Last Updated Date: 9 May 2022 @ 12:12 PM (UTC)
*Please note that all the dates are in GMT time zone

Today’s surge higher suggests a reversing turn to bull trending trade. The market must post a close over 163.57  to confirm an upturn and project bull trending moves to 164.25 as well as potential to 165.31. Congestion in the upper half of Friday’s rally will work on shifting trend forces to the upside. A close under 159.58  (SAR) is needed to rekindle bear trending.
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