Friday, 3 May 2024

GBPJPY Returns to Pre-intervention Levels

by BD Banks

GBPJPY Returns to Pre-intervention Levels

GBPJPY tries to record another red candle, well below its recent record high level The BoJ intervenes again since the Fed remains concerned about inflation Momentum indicators are mixed, stochastics acknowledge the bearish pressure GBPJPY is hovering around the busy 191.47-192.57 range and far below its new 16-year high of 200.50. The market is digesting […]

The post GBPJPY Returns to Pre-intervention Levels appeared first on Action Forex.

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