GBPJPY marks an all-time high of 186.77 in early Asian trading hours on Tuesday. The spot price is trading around 186.50 at press time. The pair retreats from the all-time high as it appears to be a hurdle. A break above that level could help the GBP/JPY pair explore higher highs around the psychological 187.00 level.
The Moving Average Convergence Divergence (MACD) indicates a buying bias in the pair as it is in the positive zone of the centerline and above the signal line. The 14-day relative strength index (RSI) remains above 50, which confirms the bullish sentiment of GBP/JPY buyers.
Nota
NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
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