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GBP/JPY Price Analysis: Further upside hinges on 159.50 breakout

by JPY Editor
February 5, 2023
in JPY
Reading Time: 1 min read

The economic data has contracted by 0.2% while the street was expected a contraction by 0.6%. USD/JPY is correcting the opening gap rally that hit a high of 132.47 and is now back to 131.70.
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JPY Editor
Latest posts by JPY Editor (see all)
  • USD/JPY outlook: Recovery gains pace but strong obstacles lay ahead - March 27, 2023
  • USD/JPY Price Analysis: Clings to gains around mid-131.00s, 200-hour SMA holds the key for bulls - March 27, 2023
  • USD/JPY: Falls to Test the ¥130 Level - March 27, 2023
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