Gbp-jpy
GBPJPY Analysis Welcome back! Here's an analysis of this pair!
**GBPJPY - listen to video analysis.
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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[GBP/JPY] - Potential MASSIVE BreakoutIt appears that GBP/JPY is in a very interesting situation. From one perspective, price is approaching both major resistance and a major trendline which signals a potential bearish entry. However, in a different perspective, price now has the opportunity to have a major bullish breakout being that bearish price action has weakened throughout the months and no lower lows have been created since March of 2021. Could this weakening of bearish dominance be a foreshadowing of a major bullish breakout or will price respect this important area of resistance and reverse towards the downside? Which team are you in? Are you a Bear or a Bull?
Let me know what your opinion is in the comments below!