GBPJPY has encountered resistance at 191.30 and is currently testing the critical support level of 190.20. This analysis delves into the technical situation and explores potential scenarios for the currency pair. Bulls Challenged at Resistance: Uptrend on...
GBPJPY is currently facing resistance at the 191.30 level. This analysis will explore the potential implications of a breakout or breakdown from this key level, examining both upside and downside scenarios for the currency pair. Resistance Awaits:...
In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of GBPJPY. In which, the rally from 13 December 2023 low unfolded as an impulse sequence and called for an extension higher...
GBPJPY has seen an extension of its downside movement, suggesting an upcoming consolidation phase and potential range trading. Downside Move Extension The GBPJPY pair has had its downward trajectory stretch from 188.91 to as low as 185.27....
The GBPJPY has taken a significant turn, breaking below the rising price channel on the 4-hour chart as well as a key support level at 187.30. The evidence is suggesting a completion of the upside movement that...
In a decisive show of market tenacity, GBPJPY refused to break below the bottom of the rising price channel on the 4-hour chart. As a result, current operations have been confined to a trading range of 187.30...
GBPJPY has made a notable surge, scaling up from 178.72 right up to 188.90, and breaking past the previously set resistance at 188.64. However, we’ve started to see a pullback from this spire at 188.90, indicating that...
Today’s Forex market sees GBPJPY successfully extending its upside movement. Originating from 178.72, the pair has surged as high as 188.10. As long as the price stays within the rising channel as show on the 4-hour chart,...
After a period of consolidation, GBPJPY has broken through the 186.14 resistance level and kept its bullish position from the 178.72 level. As it currently stands, GBPJPY remains inside the ascending price channel on the 4-hour chart....
GBPJPY has broken above the key resistance level at 184.30, indicating a bullish move. Further upside potential is expected after a minor consolidation. The next target for the pair is projected to be at 187.30, followed by...
