GBP/JPY is at intermittent support of 182 representing the trend line drawn since May. Economists at Société Générale analyze the pair’s outlook. Rece
Daily MACD has dipped below the equilibrium line denoting prevalence of steady downward momentum.
In case the pair fails to defend support at 182, the phase of decline could extend. Next potential objectives could be at 180.30 and July low of 176.30. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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