FX.co ★ Technical Analysis of Weekly Price Movement GBP/JPY Commodity Currency Pairs, Monday November 27 ,2023.

On the weekly chart, the GBP/JPY cross currency pair shows that the price movement seems moving above the WMA 30 which is going upwards as well as the slope, which means that the strength of Buyers is quite dominating, which is also confirmed by the breaks of the three main levels of the CCI indicator from bottom to top (-100, 0, & 100) based on these facts, in the next few weeks GBP/JPY as long as it is not corrected down below the 174.32 level has the potential to continue its strengthening up to the 188.78 level as the main target and if the momentum and volatility are supportive then the 195.86 level will be the next target that will be achieved.

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