The GBP/JPY recovery stalls on Monday, following developments during the weekend, as the conflict between Hamas and Israel escalated. Hence, the Japan
GBP/JPY dips 0.45% to 181.80, as rising Israel-Hamas conflict propels Yen’s safe-haven appeal. Technical outlook reveals potential bearish bias, with eyes on critical support and resistance levels. Short-term neutrality may pivot to bearishness or bullishness, contingent on geopolitical and economic updates. ese Yen was favored on safe-haven status, stalled last week’s rally, with the pair trading at around 181.80, down 0.45%.
An extension of its gains past the latter would expose 183.00. On the other hand, if the GBP/JPY breaks below the Kumo, the next support would emerge on today’s daily low of 181.25. Once cleared, the next stop would be 181.00, followed by last Friday’s 180.84. GBP/JPY Price Action – Hourly chart GBP/JPY Technical Levels GBP/JPY Overview Today last price 181.84 Today Daily Change -0.92 Today Daily Change % -0.50 Today daily open 182.76 Trends Daily SMA20 182.22 Daily SMA50 183.
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