GBP/JPY Analysis BUY
Currently observing a potential bullish reversal on GBP/JPY. After a recent downtrend, the pair seems to be approaching key Fibonacci levels that could act as support zones for a bullish rebound. The recent price action shows a descending wedge formation, often indicative of an impending breakout.
Key support levels are noted around the 38.2% and 50% Fibonacci retracement zones, which align with previous structural support levels. If the price manages to hold above these areas, we could anticipate a bullish impulse towards the 197.750 - 198.500 zone.
I've also identified a potential double-bottom pattern in this area, suggesting increased buyer interest. A break above the 198.080 resistance could lead to further upside movement, with targets around the 198.903 and possibly beyond.
Monitoring for a breakout confirmation before entering a long position. Stay tuned for updates!
Key support levels are noted around the 38.2% and 50% Fibonacci retracement zones, which align with previous structural support levels. If the price manages to hold above these areas, we could anticipate a bullish impulse towards the 197.750 - 198.500 zone.
I've also identified a potential double-bottom pattern in this area, suggesting increased buyer interest. A break above the 198.080 resistance could lead to further upside movement, with targets around the 198.903 and possibly beyond.
Monitoring for a breakout confirmation before entering a long position. Stay tuned for updates!
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.