So the price has a very recent support at 165.069 & has its next support at 164.174 on shorter tf pov. And theres a major ressitance zone for gbpjpy at 165.963 on htf pov. now price if respects the support at 164.979 & closes above the resistance with further bullish move then it could continue moving up creating higher high while moving in respect to the uptrendline.
And if makes a breakout of that support at 165.069 then it could go for some retracemnts coming all the way down to retest the next support at 164.174.
And if makes a breakout of that support at 165.069 then it could go for some retracemnts coming all the way down to retest the next support at 164.174.
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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.