PropSignals

GBPJPY - Will Bullish trend continued?

FX:GBPJPY   영국 파운드/일본 엔
**Monthly Chart**

Last month's candle closed as bullish. GBPJPY is currently moving toward 195 level which is the swing high of June-Aug 2015. The pair is extremely bullish. However, we might see a strong reaction near the mentioned strong monthly swing high. Therefore, the price will have one more push-up before it reverses lower.

**Weekly Chart**

Last week's candle closed bearish suggesting a reversal move to the downside. However, I still see some room for the price to break the high and move towards 195 level. GBPJPY has a similar reaction to OB (Manipulation candle) of Nov 2023. While the short move didn’t sustain and the price kept moving higher.

**Daily Chart**

The pair is still bullish moving higher. However, it reacted (short-term counter-trend) and started moving lower. While I still see it continue moving higher. We might still see a reaction towards this level due to the liquidity pool at around 195 before it moves lower. On lower time frames there were good trade setups for both longs and shorts

Join our PropSignals Channels on Telegram
1. t.me/+AJLAS9g5E_MxYmM8 (English Language)
2. t.me/propsignalsarabic (Arabic Language)
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.