…. and the 50% and a swing zone
The GBPJPY is bullish for this. Today, technically, the price has gone above:
- A swing area at 135.48-73,
- The 50% retracement of the drop from the December 2019 high of 135,971, and now
- The 100-day MA at 136.14
All of these movements are more optimistic. Stay on top and the bulls / buyers are in control. Go back below and the bullish movement is losing more and more bullish today.
Looking at the pip changes for all the major JPY pairs, they’re all on fire with big wins today. The GBPJPY is the biggest driver with a gain of 193 pips during the day.