Get started
British Pound / Japanese Yen
Long

GBPJPY → Breaking the psychological level. What's next, 215.0?

By RLinda
Updated
GBPJPY is getting ready to break resistance (ATH for 15 years). In the long term, there is upside potential to 215.8. A strong bullish formation is forming on H4-D1

snapshot

On the monthly timeframe, price is in the 195-215 range. Bulls kept the defense above the support, at the same time a pre-breakdown setup is forming on the chart, the focus of which is on the resistance at 200.6. The psychological level may be broken in the nearest future, which may provoke the market to active growth towards 202-205, further towards 215 (medium-term perspective).
Japanese Central Bank is not doing well, today we expect news in the US: CPI, FOMC and FED meeting, inflation data is expected to be neutral.

Resistance levels: 200.6
Support levels: 199.9

Technically and fundamentally, the currency pair has a strong bullish bias. If the bulls are able to consolidate above 200, this zone will become a strong support in the medium term.

Regards R. Linda!
Comment
Consolidation above the level
Trade active
The breakthrough came. Let's go up!
Comment
Continuing to hold
Trade active
snapshot
Trade active
Waiting for resistance retest
Trade active
Another retest of 200.6
Consolidation above the level will send us to 203.0
Trade active
Price consolidation above the key resistance level. Breakout of 201 will strengthen the price growth
Trade active
Continuing to hold
Next 202
Trade active
Trade closed: target reached
Target 1 reached
snapshot
Comment
snapshot
Bullish setups continue to form in the uptrending market
Ascending ChannelAscending TriangleChart PatternsDXYFundamental AnalysisGBPJPYGBPUSDRising WedgeSupport and ResistanceTrend AnalysisTrend Line BreakUSDJPY
RLinda
🌹TRADING is a CASINO💔!?

NO‼️

You❗️CAN and ❗️SHOULD make money in trading!

Join me, I'll guide you to PROFITABLE TRADING💵!

🟢Free Telegram Channel:
t.me/RLindaTrade

🔴Contact:
t.me/RLindaSignals

🧿Web: rlinda.com

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.