Get started
British Pound / Japanese Yen
Education

GBPJPY Ichimoku Kinko Hyo Education Analysis

By overflownexus
GBPJPY

https://www.tradingview.com/x/CugCTpPA/

Looking at the Monthly Chart down to the H1 you can see that current price zone is showing strong bullish rejection due to a monthly resistance level.

I believe price will continue pushing up for a while to test resistance again before making a 50% correction with Fibonacci.

Monthly Chart
snapshot

Weekly Chart
snapshot

Daily Chart
snapshot

Hour Chart
snapshot
Trend Analysis
overflownexus

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.