#GBPJPY: Bullish Continuation 🇬🇧🇯🇵 📈GBPJPY will likely continue rising after a test of a significant intraday support. I bought the pair this morning, after a formation of a bullish imbalance candle on an hourly. The price will fill a gap down opening first and then will rise more and reach 211.9 level. ————————— 1H time…
On Wednesday, the focus of market participants will be the publication (at 19:00 GMT) of the Federal Reserve’s interest rate decision. Tomorrow, the central banks of Japan and the UK will hold their monetary policy meetings. The first of these will be the Bank of Japan. Most economists believe that the Japanese economy will maintain…
Market Analysis: GBPJPY Experiences Trend Reversals Major Bullish Trendline is Breached GBPJPY since the start of 2024, exhibited a strong bullish trend, with sustained upward momentum propelling prices higher for several months. This rally culminated in a significant peak in early July. However, the pair experienced a sharp bearish reversal following this high, signaling a…
Market Analysis: GBPJPY is Poised to Extend its Bearish Trend GBPJPY has experienced a significant bearish shift in market structure, confirmed by a decisive break in late July 2024. This movement featured a sharp bearish candlestick driven by strong selling pressure and minimal retracement. The decline found temporary support at the 182.960 demand zone, prompting…
Market Analysis: GBPJPY Signals a Possible Bearish Trend as Price Stalls The GBPJPY pair has displayed a robust bullish trend in recent weeks, stemming from a significant reversal off the 185.280 support level. In early August, the bearish momentum encountered strong support at this level, leading to a shift in market sentiment and initiating a…
Market Analysis: GBPJPY Undergoes Bullish Continuation The GBPJPY currency pair has resumed its bullish trend after forming a double bottom pattern, a classic bullish reversal signal. This pattern emerged when the price dropped to the 178.240 level before embarking on a strong upward trajectory, reaching a peak near the 208.310 mark. After this bullish rally,…
Market Analysis: GBPJPY Experiences Brief Bearish Retracement The GBPJPY currency pair recently transitioned from a bearish trend, finding demand support around the 183.650 level. This pivot has initiated a sustained bullish trend, characterized by consistent respect for the bullish trend line over the past few months. However, as the current price nears a trend line…
Market Analysis: GBPJPY Displays Bearish Signals and Potential Downtrend Following the bearish trend that GBPJPY price has experienced since reaching its major high of $207.960, the pair saw a notable bullish pullback beginning in early August 2024. This temporary upward correction has now approached a key resistance zone, and recent price action suggests the bullish…
Market Analysis: GBPJPY Poised for Bearish Continuation Amid Price Bullish Retracement The GBPJPY currency pair has experienced a significant bullish trend in recent months, creating higher highs and higher lows, driving the price to new levels. However, this rally peaked in early June 2024 when the pair reached a major high. Following this peak, the…
Market Analysis: GBPJPY Maintains Ongoing Bullish Momentum The GBPJPY currency pair has sustained a strong bullish trend since early August 2024, signaling a robust uptrend in the long-term outlook. On the daily timeframe, the price has consistently respected the ascending trendline support, confirming the continuation of bullish momentum. GBPJPY Significant Zones Resistance Levels: 197.750, 205.600…