GBPJPY Buying Opportunities To 169.00

Tues 28th February 2023 : Daily Currency Strength Analysis

In Today’s Video we’re looking at Trading Setups in:

• GBPJPY
• GBPAUD (Covered in Video)

GBPJPY Buying Opportunities To 169.00

In today’s forex strength video we identified that the Great British Pound (GBP) is the strongest currency.

The Japanese Yen (JPY) remains a weak currency, offering us opportunities to potentially buy GBPJPY.

GBPJPY has been trading within a range between the highs of 162.00 and lows of 156.00.

Recently price has broken out of the highs of the range and retested it as support.

Now price is trading higher and above the daily 200 moving average we can look for long opportunities.

Buyers will be targeting the highs of 166.00 and 169.00.

Traders could wait for the price to pullback into the supporting highs of 163.50 and daily 200 moving average for a buying opportunity.

Live Currency Strength Indicator Tables provided by Charles Clifton Forex Trader / TradingHUB Codex LLP

Daily video charts and analysis provided by Jon Kibbler