I expect GBP/JPY to turn bullish, with a potential pullback from the 191.67–191.00 zone. It’s also possible that the price slightly dips lower, reaching around 190.50, before starting a bullish trend. From there, the price may rise towards the reversal zone at 195.38–196.00.
If it breaks above this zone, the next target could be around 198.04. That level is where I expect a potential bearish reversal to occur.
This is my personal analysis based on my current understanding of the market — it's not guaranteed to be 100% accurate, but I would estimate there's around an 80% probability of it playing out this way
If it breaks above this zone, the next target could be around 198.04. That level is where I expect a potential bearish reversal to occur.
This is my personal analysis based on my current understanding of the market — it's not guaranteed to be 100% accurate, but I would estimate there's around an 80% probability of it playing out this way
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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.