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The GBP/JPY pair passed below various support levels during Wednesday's trading. Eventually, the rate found support in the 166.50 mark. Afterwards, a recovery ot the weekly R3 simple pivot point at 167.84 occurred. During the middle of Thursday's trading, the rate was located between the 167.00 and 167.50 levels.
A surge of the pair above 167.50 would have to face the resistance of the weekly R3 simple pivot point at 167.84. Higher above, note the zone at 168.33/168.45.
On the other hand, a decline of the Pound versus the Yen is set to look for support in the 167.00 and 166.50 levels, before reaching teh weekly R2 simple pivot point and the 200-hour simple moving average at 166.40.
Thu, 21 Apr 2022 10:43:02 GMT
Source: Dukascopy Bank SA
The GBP/JPY pair passed below various support levels during Wednesday's trading. Eventually, the rate found support in the 166.50 mark. Afterwards, a recovery ot the weekly R3 simple pivot point at 167.84 occurred. During the middle of Thursday's trading, the rate was located between the 167.00 and 167.50 levels.
A surge of the pair above 167.50 would have to face the resistance of the weekly R3 simple pivot point at 167.84. Higher above, note the zone at 168.33/168.45.
On the other hand, a decline of the Pound versus the Yen is set to look for support in the 167.00 and 166.50 levels, before reaching teh weekly R2 simple pivot point and the 200-hour simple moving average at 166.40.