GBPJPY Hits 20-Day Simple Moving Average Following Multi-Year High Rally
Friday, 12 July 2024, 07:57
GBPJPY Hits 20-Day Simple Moving Average After Reaching Multi-Year High
The GBPJPY pair suffered significant losses post an aggressive rally to a multi-year high of 208.10.
- The pair found immediate support at the 20-day SMA of 203.80.
This has kept the bias bullish for the time being.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.