Tue, 10 May 2022 11:28:22 GMT
GBP/JPY respects round levels
This week, the GBP/JPY currency pair was finding resistance and bouncing off round exchange rate levels. Namely, the 161.50 and 162.00 levels were acting as resistance. In the meantime, support was being provided by the 160.08/160.43 zone.
A move below the support zone could almost immediately encounter support in the 160.00 level. Further below, take into account the weekly S1