{"id":24450,"date":"2022-03-25T14:08:00","date_gmt":"2022-03-25T14:08:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=24450"},"modified":"2022-03-25T22:29:19","modified_gmt":"2022-03-25T22:29:19","slug":"gbpjpy-technical-analysis-bullish-momentum-recedes-as-price-hits-6-year-high","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/gbpjpy-technical-analysis-bullish-momentum-recedes-as-price-hits-6-year-high\/","title":{"rendered":"GBPJPY Technical Analysis &#8211; Bullish Momentum Recedes as price hits 6-year high"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"24450\" class=\"elementor elementor-24450\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-392fec1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"392fec1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-54029bf\" data-id=\"54029bf\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6ab8140 elementor-widget elementor-widget-text-editor\" data-id=\"6ab8140\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The British pound hit a 6-year resistance at 164.021 on Thursday as inflation statistics rise to a 30-year high. The UK inflation statistics hit a 6.2% rise on Wednesday, a figure seen in 30-years while the BoE indicates they are more worried about economic growth than inflation in the near term.<\/p><p>BoE increased the interest rate by 25bps in the last policy meeting in a bid to slow soaring inflation as Ukraine\/Russia war causes energy supply jitters.<\/p><p>The rising interest rate environment has caused a policy divergence as BoJ remains neutral undermining the yield-sensitive Japanese yen in the near term.<\/p><p>Early Friday, the Japanese Yen was firmer as Tokyo Core CPI(YoY) for March came out better than expected rising to 0.8% from the 0.4% expected indicating continued economic recovery post-Omicron virus seasonal attacks.<\/p><p>The <a href=\"http:\/\/bit.ly\/2O1vgPs\" target=\"_blank\" rel=\"noopener\">GBPJPY<\/a> pulled away from a critical resistance plunging -0.70% during the European session opening as the pound gets knocked down by negative retail sales for February.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fd4dc97 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fd4dc97\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7415265\" data-id=\"7415265\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5dd6a3a elementor-widget elementor-widget-image\" data-id=\"5dd6a3a\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/bit.ly\/2O1vgPs\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"935\" height=\"518\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/03\/GBPJPY-1W.jpg\" class=\"attachment-large size-large wp-image-24454\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2532b194 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2532b194\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-31b33d85\" data-id=\"31b33d85\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2dfd7af6 elementor-widget elementor-widget-text-editor\" data-id=\"2dfd7af6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"http:\/\/bit.ly\/2O1vgPs\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7005a76 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7005a76\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4609fde\" data-id=\"4609fde\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1c50d65 elementor-widget elementor-widget-text-editor\" data-id=\"1c50d65\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>Early Friday morning, GBPJPY sharply dropped from 161.432 resistance as bulls lose stream at the convergence of strong resistance areas. There is a near-term resistance at 161.400 which coincides with May 2016 highs and an upside movement is currently capped by a rising wedge pattern indicating reversal areas for the GBPJPY.<\/p><p>Bulls enjoyed the carry trade to the upside however a price correction can be experienced as they face a convergence of strong resistance.<\/p><p>However, if the price manages to break above the near-term resistance at 161.400 bulls may target 164.354. Traders may need to pay attention to the developments in Ukraine as they are pivotal to the direction of the pair in the near term.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ec5d05e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ec5d05e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-acc2d89\" data-id=\"acc2d89\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-59152c3 elementor-widget elementor-widget-image\" data-id=\"59152c3\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/bit.ly\/2O1vgPs\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"935\" height=\"520\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/03\/GBPJPY-1D.jpg\" class=\"attachment-large size-large wp-image-24455\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-31d61374 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"31d61374\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1024e95f\" data-id=\"1024e95f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-356b31fb elementor-widget elementor-widget-text-editor\" data-id=\"356b31fb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"http:\/\/bit.ly\/2O1vgPs\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ede946c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ede946c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2335235\" data-id=\"2335235\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6b220f4 elementor-widget elementor-widget-text-editor\" data-id=\"6b220f4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The GBPJPY closed above a critical wedge pattern as bulls drove for a 161.40 near-term resistance before quickly trading back inside the reversal pattern, early Friday morning.<\/p><p>The price reaction in the area indicates that the trend may be due for a correction after a 14-day rise.<\/p><p>Potential pullbacks may target 158.00 near-term resistance turned support and traders should watch out for a break above near-term resistance at 161.400 may mean further upside in the near term.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The British pound hit a 6-year resistance at 164.021 on Thursday as inflation statistics rise to a 30-year high. The UK inflation statistics hit a 6.2% rise on Wednesday, a figure seen in 30-years while the BoE indicates they are more worried about economic growth than inflation in the near term. BoE increased the interest [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":24452,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[56,156,642],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GBPJPY Technical Analysis - Bullish Momentum Recedes as price hits 6-year high - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/gbpjpy-technical-analysis-bullish-momentum-recedes-as-price-hits-6-year-high\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GBPJPY Technical Analysis - Bullish Momentum Recedes as price hits 6-year high GBPJPY Technical Analysis - Bullish Momentum Recedes as price hits 6-year high\" \/>\n<meta property=\"og:description\" content=\"The British pound hit a 6-year resistance at 164.021 on Thursday as inflation statistics rise to a 30-year high. The UK inflation statistics hit a 6.2% rise on Wednesday, a figure seen in 30-years while the BoE indicates they are more worried about economic growth than inflation in the near term.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/gbpjpy-technical-analysis-bullish-momentum-recedes-as-price-hits-6-year-high\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-25T14:08:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-25T22:29:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/03\/GettyImages-1364085829.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"509\" \/>\n\t<meta property=\"og:image:height\" content=\"327\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"GBPJPY Technical Analysis - Bullish Momentum Recedes as price hits 6-year high GBPJPY Technical Analysis - Bullish Momentum Recedes as price hits 6-year high\" \/>\n<meta name=\"twitter:description\" content=\"The British pound hit a 6-year resistance at 164.021 on Thursday as inflation statistics rise to a 30-year high. The UK inflation statistics hit a 6.2% rise on Wednesday, a figure seen in 30-years while the BoE indicates they are more worried about economic growth than inflation in the near term.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/gbpjpy-technical-analysis-bullish-momentum-recedes-as-price-hits-6-year-high\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/gbpjpy-technical-analysis-bullish-momentum-recedes-as-price-hits-6-year-high\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"GBPJPY Technical Analysis &#8211; Bullish Momentum Recedes as price hits 6-year high\",\"datePublished\":\"2022-03-25T14:08:00+00:00\",\"dateModified\":\"2022-03-25T22:29:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/gbpjpy-technical-analysis-bullish-momentum-recedes-as-price-hits-6-year-high\/\"},\"wordCount\":369,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"BoE\",\"GBPJPY\",\"Russia-Ukraine War\"],\"articleSection\":[\"Forex\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/gbpjpy-technical-analysis-bullish-momentum-recedes-as-price-hits-6-year-high\/\",\"url\":\"https:\/\/youtrading.com\/en\/gbpjpy-technical-analysis-bullish-momentum-recedes-as-price-hits-6-year-high\/\",\"name\":\"GBPJPY Technical Analysis - Bullish Momentum Recedes as price hits 6-year high - Youtrading UK\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/#website\"},\"datePublished\":\"2022-03-25T14:08:00+00:00\",\"dateModified\":\"2022-03-25T22:29:19+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/youtrading.com\/en\/gbpjpy-technical-analysis-bullish-momentum-recedes-as-price-hits-6-year-high\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/youtrading.com\/en\/gbpjpy-technical-analysis-bullish-momentum-recedes-as-price-hits-6-year-high\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/youtrading.com\/en\/gbpjpy-technical-analysis-bullish-momentum-recedes-as-price-hits-6-year-high\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/youtrading.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBPJPY Technical Analysis &#8211; Bullish Momentum Recedes as price hits 6-year high\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/youtrading.com\/en\/#website\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"name\":\"Youtrading UK\",\"description\":\"Leaders in Trader Training\",\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/youtrading.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/youtrading.com\/en\/#organization\",\"name\":\"YouTrading\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"contentUrl\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"width\":2531,\"height\":570,\"caption\":\"YouTrading\"},\"image\":{\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/YouTradingEnglish\/\",\"https:\/\/www.instagram.com\/youtrading_english\/\",\"https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\",\"name\":\"Nathan Batchelor\",\"description\":\"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.\",\"url\":\"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"GBPJPY Technical Analysis - Bullish Momentum Recedes as price hits 6-year high - Youtrading UK","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/youtrading.com\/en\/gbpjpy-technical-analysis-bullish-momentum-recedes-as-price-hits-6-year-high\/","og_locale":"en_GB","og_type":"article","og_title":"GBPJPY Technical Analysis - Bullish Momentum Recedes as price hits 6-year high GBPJPY Technical Analysis - Bullish Momentum Recedes as price hits 6-year high","og_description":"The British pound hit a 6-year resistance at 164.021 on Thursday as inflation statistics rise to a 30-year high. The UK inflation statistics hit a 6.2% rise on Wednesday, a figure seen in 30-years while the BoE indicates they are more worried about economic growth than inflation in the near term.","og_url":"https:\/\/youtrading.com\/en\/gbpjpy-technical-analysis-bullish-momentum-recedes-as-price-hits-6-year-high\/","og_site_name":"Youtrading UK","article_publisher":"https:\/\/www.facebook.com\/YouTradingEnglish\/","article_published_time":"2022-03-25T14:08:00+00:00","article_modified_time":"2022-03-25T22:29:19+00:00","og_image":[{"width":509,"height":327,"url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/03\/GettyImages-1364085829.jpg","type":"image\/jpeg"}],"author":"Nathan Batchelor","twitter_card":"summary_large_image","twitter_title":"GBPJPY Technical Analysis - Bullish Momentum Recedes as price hits 6-year high GBPJPY Technical Analysis - Bullish Momentum Recedes as price hits 6-year high","twitter_description":"The British pound hit a 6-year resistance at 164.021 on Thursday as inflation statistics rise to a 30-year high. The UK inflation statistics hit a 6.2% rise on Wednesday, a figure seen in 30-years while the BoE indicates they are more worried about economic growth than inflation in the near term.","twitter_misc":{"Written by":"Nathan Batchelor","Estimated reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/youtrading.com\/en\/gbpjpy-technical-analysis-bullish-momentum-recedes-as-price-hits-6-year-high\/#article","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/gbpjpy-technical-analysis-bullish-momentum-recedes-as-price-hits-6-year-high\/"},"author":{"name":"Nathan Batchelor","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab"},"headline":"GBPJPY Technical Analysis &#8211; Bullish Momentum Recedes as price hits 6-year high","datePublished":"2022-03-25T14:08:00+00:00","dateModified":"2022-03-25T22:29:19+00:00","mainEntityOfPage":{"@id":"https:\/\/youtrading.com\/en\/gbpjpy-technical-analysis-bullish-momentum-recedes-as-price-hits-6-year-high\/"},"wordCount":369,"publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"keywords":["BoE","GBPJPY","Russia-Ukraine War"],"articleSection":["Forex"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/youtrading.com\/en\/gbpjpy-technical-analysis-bullish-momentum-recedes-as-price-hits-6-year-high\/","url":"https:\/\/youtrading.com\/en\/gbpjpy-technical-analysis-bullish-momentum-recedes-as-price-hits-6-year-high\/","name":"GBPJPY Technical Analysis - Bullish Momentum Recedes as price hits 6-year high - Youtrading UK","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/#website"},"datePublished":"2022-03-25T14:08:00+00:00","dateModified":"2022-03-25T22:29:19+00:00","breadcrumb":{"@id":"https:\/\/youtrading.com\/en\/gbpjpy-technical-analysis-bullish-momentum-recedes-as-price-hits-6-year-high\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/youtrading.com\/en\/gbpjpy-technical-analysis-bullish-momentum-recedes-as-price-hits-6-year-high\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/youtrading.com\/en\/gbpjpy-technical-analysis-bullish-momentum-recedes-as-price-hits-6-year-high\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/youtrading.com\/en\/"},{"@type":"ListItem","position":2,"name":"GBPJPY Technical Analysis &#8211; Bullish Momentum Recedes as price hits 6-year high"}]},{"@type":"WebSite","@id":"https:\/\/youtrading.com\/en\/#website","url":"https:\/\/youtrading.com\/en\/","name":"Youtrading UK","description":"Leaders in Trader Training","publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/youtrading.com\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/youtrading.com\/en\/#organization","name":"YouTrading","url":"https:\/\/youtrading.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","contentUrl":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","width":2531,"height":570,"caption":"YouTrading"},"image":{"@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/YouTradingEnglish\/","https:\/\/www.instagram.com\/youtrading_english\/","https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg"]},{"@type":"Person","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab","name":"Nathan Batchelor","description":"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.","url":"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/"}]}},"_links":{"self":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/24450"}],"collection":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/comments?post=24450"}],"version-history":[{"count":0,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/24450\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media\/24452"}],"wp:attachment":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media?parent=24450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/categories?post=24450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/tags?post=24450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}