We recently noticed that some third-party companies and individuals impersonated the TOPONE Markets brand and illegally misappropriated our trademarks.

We Hereby Reiterate Our Statement:

TOPONE Markets does not provide discretionary account operation trading services, nor does it cooperate with other third-party vendors and/ or agents to provide such services.
TOPONE Markets staff will not promise to our customer the definite profit, please do not trust any kind of the profit promise or profit related picture, such as screenshot/ chat history, etc, all investment profit can be only viewed on our official website and application.
TOPONE Markets is a professional online trading platform with low spreads and zero handling fees. Be wary of any behavior that asks you for any fees directly and privately. TOPONE Markets does not charge a fee at any stage of its trading process or other fee.

If you have any questions or concerns, please feel free to reach us by clicking the "Online Customer Support" or send an email to our customer care team cs@top1markets.com. We will answer your questions and assist you promptly.

Understood

We use cookies to learn more about how you use our website and what we can improve. Continue to use our website by clicking "Accept". Details

本網站不向美國居民提供服務。

Trader Affiliates

Market News GBP/JPY Price Analysis: Rejects 200-DMA, dips to 161.20s

GBP/JPY Price Analysis: Rejects 200-DMA, dips to 161.20s

GBP/JPY bulls lost their gains at the 200-day EMA at 161.81. GBP/JPY: A bearish sign on the 1-hour chart allowed further drop.

Alina Haynes

2023-02-16

9356

GBP:JPY.png

GBP/JPY falls below 161.30 in Thursday's Asian Pacific session after touching weekly highs at 161.46. GBP/JPY stays upward leaning until it violates important support levels. GBP/JPY trades at 161.27, 0.05% below its opening price.

The GBP/JPY daily chart is neutral, although a rise near 161.81 would activate the 200-day Exponential Moving Average (EMA). Breaking resistance and the 100-day EMA at 161.98 would precede 162.00. GBP/JPY would climb to 163.00 before the December 20 daily high at 167.02.

The GBP/JPY 1-hour chart shows a bearish flag on a neutral bias. The Relative Strength Index (RSI) turned negative, while the Rate of Change (RoC) showed purchasing pressure waning.

GBP/JPY is falling. The 50-EMA at 161.04 is the first demand zone to test. GBP/JPY would fall to 160.72 if it broke the latter. Once cleared, GBP/JPY values would go toward the 100-EMA at 161.49, ahead of the 200-EMA. At 159.95.