The GBP/JPY market is currently developing an ABC pattern, with point C forming near the 196.000 level. Recently, the price broke above both a downward trendline and the 194.000 support, signaling a potential shift in momentum.
At present, the pair is testing last week’s high, which aligns with the 195.000 psychological level. A strong bullish candle has emerged on the daily chart, indicating growing bullish pressure. The market may enter a consolidation phase around this level before attempting a breakout above the previous week’s high. The next target is the resistance zone at 195.750
At present, the pair is testing last week’s high, which aligns with the 195.000 psychological level. A strong bullish candle has emerged on the daily chart, indicating growing bullish pressure. The market may enter a consolidation phase around this level before attempting a breakout above the previous week’s high. The next target is the resistance zone at 195.750
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Website - rtedinvesting.com/
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.