The GBP/JPY consolidates inside the Ichimoku Cloud (Kumo), registering modest losses of 0.25% after failing to crack the previous weekly high of 182.8
GBP/JPY struggles to surpass the previous weekly high due to geopolitical tensions and a shift to safe-haven assets. Support lies at the intersection of the Kumo's bottom and the Kijun-Sen at 181.20. Resistance is found at 183.00, with the next hurdle at the October 12 high of 183.81. 0 amid a deteriorated risk appetite.
20. If that level is taken, the GBP/JPY would dive past the next support at 181.00, with sellers eyeing the October 3 daily low of 178.03 before setting their sights on the July 28 swing low of 176.30. On the other hand, if GBP/JPY climbs above 183.00, that would expose the October 12 high at 183.81 before buyers challenge the top of the Kumo at around 184.20/35. GBP/JPY Price Action – Daily chart GBP/JPY Technical Levels GBP/JPY Overview Today last price 181.97 Today Daily Change -0.
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