GBPJPY ANALYSIS

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Here is our overall view on GBPJPY.

After GBPJPY has made a pullback down to our PBA 1 (Pullback Area), we are seeing more upside on the chart. At this moment we are still extremely bullish on GBPJPY. We are anticipating buys if we break above 199.180. On the other hand, if we break 197.540 we could go back to our PBA 1 and if we break below, we could see even lower lows.

As of now there is no clear indication for buys or sells. We are only entering in the trades if following has happened:

Scenario 1: breaks above 199.180
Scenario 2: breaks below 197.540

We will be patiently waiting on breaks of our mentioned levels and we will post an update accordingly.

KEY NOTES

- GBPJPY has made a pullback to our PBA 1.

- Break below 197.540 would confirm sells down to our PBA 1 around (195.800).

- Break above our KL (199.180) would result in higher highs and confirm buys.

- No trade opportunity now, breaks should be waited on.

Happy trading!

FxPocket

٦ نوفمبر ٢٠٢٤

تم فتح الصفقة

GBPJPY is now trading above our KL 199.180. Expect a detailed analysis soon!