{"id":208442,"date":"2023-12-08T01:57:40","date_gmt":"2023-12-07T20:27:40","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=208442"},"modified":"2023-12-08T01:57:40","modified_gmt":"2023-12-07T20:27:40","slug":"tanks-to-eight-week-low-shifts-bearish-amid-boj-hawkish-remarks-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/tanks-to-eight-week-low-shifts-bearish-amid-boj-hawkish-remarks-crypto-news\/","title":{"rendered":"Tanks to eight-week low, shifts bearish amid BoJ hawkish remarks &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>GBP\/JPY tumbles to an eight-week low at 178.53 after BoJ Ueda&#8217;s comments; trades at 180.69.<\/strong><\/li>\n<li><strong>Technical shift to bearish, pending daily close below Ichimoku Cloud (Kumo) at around 181.80, for further confirmation.<\/strong><\/li>\n<li><strong>Downside potential: 180.00 support; breach opens doors to 178.53, 178.03, and July 28 low of 176.31.<\/strong><\/li>\n<\/ul>\n<p>The GBP\/JPY plummets more than 2.30% courtesy of comments by the Bank of Japan (BoJ) Ueda, which ultimately dragged the pair to an eight-week low of 178.53 before reversing toward the current exchange rate. At the time of writing, the cross trimmed some of its losses and trades at 180.69.<\/p>\n<p>From a technical perspective, the pair has shifted bearishly, though pending registering a daily close below the Ichimoku Cloud (Kumo), which could open the door for further losses. On its way south, the GBP\/JPY pierced a five-month-old support trendline, which capped the downtrend.<\/p>\n<p>If GBP\/JPY ends the day below the bottom of the Kumo, last seen at 181.80\/85, that would confirm its bearish bias. As of writing, the first support is seen at the 180.00 mark. A breach of the latter will expose the current session low of 178.53, ahead of the October 3 swing low of 178.03. Once those levels are taken out, the next support would be a July 28 daily low of 176.31.<\/p>\n<p>If GBP\/JPY reclaims the 181.80 area, the pair will turn sideways, awaiting for a fresh catalyst.<\/p>\n<h2 class=\"fxs_headline_medium\">GBP\/JPY Price Analysis \u2013 Daily Chart<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638375761492612261.png\"><\/a><\/p>\n<h2 class=\"fxs_headline_medium\">GBP\/JPY Technical Levels<\/h2>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: GBP\/JPY tumbles to an eight-week low at 178.53 after BoJ Ueda&#8217;s comments; trades at 180.69. Technical shift to bearish, pending daily close below Ichimoku Cloud (Kumo) at around 181.80, for further confirmation. Downside potential: 180.00 support; breach opens doors to 178.53, 178.03, and July 28 low of 176.31. The GBP\/JPY plummets more than 2.30% [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,298,257,276,409,255,250,252,247,253,249,308,256,254],"class_list":["post-208442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-crosses","tag-cryptocurrency","tag-currencies","tag-gbpjpy","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/208442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=208442"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/208442\/revisions"}],"predecessor-version":[{"id":208443,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/208442\/revisions\/208443"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/7199"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=208442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=208442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=208442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}