GBPJPY neutral

Will GBPJPY stop falling?

09 March 2022 175
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The search for defensive assets traditionally leads investors to the yen. And now, an increase in volatility has led to increased demand for the Japanese currency.

 

The GBPJPY currency pair shows signs of an upward bounce after a two-week decline. However, the double top looks incomplete on the chart without reaching the level of 150. The RSI is above the oversold zone also allowing for continued decline.

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