empty
 
 
17.06.2025 06:38 AM
Technical Analysis of Intraday Price Movement of GBP/JPY Cross Currency Pairs, Tuesday June 17, 2025

This image is no longer relevant

If we look at the 4-hour chart, the GBP/JPY cross currency pair is seen moving in a Bullish bias, which is confirmed by its price movement which is moving in a Bullish channel that is diving upwards and above the WMA (21), which also has a slope that is diving upwards, but with the condition of the Stochastic Oscillator indicator that is at the Overbought area level, it indicates the potential for a weakening correction in the near future, but as long as it does not break through and close below the 193.74 level, GBP/JPY will continue to strengthen again to the 197.13 level and if the volatility and momentum of the strengthening support it, 198.06 will be the next target to be aimed for.

(Disclaimer)

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback