{"id":286818,"date":"2024-04-21T00:10:51","date_gmt":"2024-04-20T18:40:51","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=286818"},"modified":"2024-04-21T00:10:51","modified_gmt":"2024-04-20T18:40:51","slug":"slumps-below-192-00-amid-risk-off-mood-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/slumps-below-192-00-amid-risk-off-mood-crypto-news\/","title":{"rendered":"Slumps below 192.00 amid risk-off mood &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>GBP\/JPY drops 0.56%, as rising Israel-Iran tensions drive safe-haven flows to the Yen.<\/strong><\/li>\n<li><strong>Though lower, the pair stays bullish above the Ichimoku Cloud, with recovery possible upon reclaiming 192.00.<\/strong><\/li>\n<li><strong>Watch key levels: Immediate support at the Kijun Sen at 191.06, with potential further drops towards 190.55.<\/strong><\/li>\n<\/ul>\n<p>After consolidating around 192.00 for the last three days, the GBP\/JPY finally tumbled to the 191.00 handle. A flight to safe-haven assets spurred by an escalation of the Israel-Iran conflict boosted the Japanese Yen (JPY) to the detriment of the Pound Sterling. At the time of writing, the cross has lost 0.56% and trades at 191.19.<\/p>\n<h2 class=\"fxs_headline_medium\">GBP\/JPY Price Analysis: Technical outlook<\/h2>\n<p>The GBP\/JPY remains above the Ichimoku Cloud (Kumo), suggesting the pair is bullish. Despite sliding below key support levels, like the Tenkan and Kijun Sen, the 50-day moving average (DMA), and hitting a daily low of\u00a0 190.29, \u00a0the pair resumed its recovery to the current exchange rates.<\/p>\n<p>For a bullish continuation, traders must reclaim 192.00 before breaking the next resistance area at 192.80. Once cleared that would expose the 193.00 psychological level, followed by the year-to-date (YTD) high at 193.54.<\/p>\n<p>On the other hand, if the pair slips below the Kijun Sen level at 191.06, that would exacerbate a drop below the confluence of an upslope support trendline and the 50-day moving average (DMA) at 190.55.<\/p>\n<h2 class=\"fxs_headline_medium\">GBP\/JPY Price Action \u2013 Daily Chart<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638491576849951779.png\"><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/JPY drops 0.56%, as rising Israel-Iran tensions drive safe-haven flows to the Yen. Though lower, the pair stays bullish above the Ichimoku Cloud, with recovery possible upon reclaiming 192.00. Watch key levels: Immediate support at the Kijun Sen at 191.06, with potential further drops towards 190.55. After consolidating around 192.00 for the last three days, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1955,"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-286818","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\/286818","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=286818"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/286818\/revisions"}],"predecessor-version":[{"id":286819,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/286818\/revisions\/286819"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/1955"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=286818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=286818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=286818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}