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05.08.202107:20 विदेशी मुद्रा विश्लेषण और समीक्षा: Elliott wave analysis of GBP/JPY for August 5, 2021

Exchange Rates 05.08.2021 analysis

GBP/JPY is ready to challenge short-term key resistance at 153.49 for the next impulsive rally higher in wave v/ towards our long-term target at 159.75. The rally to 159.75 should complete wave v/ of iii and set the stage for a more substantial correction. Meanwhile, our focus should remain towards the upside for a test and break above short-term key resistance at 153.49 for a continuation towards 156.06 and 159.75.

Support is seen at 151.17 with key support seen at 149.55. The latter should be able to protect the downside for the expected test and break above resistance at 153.49.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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