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Predicted Path for GBP/JPY

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OANDA:GBPJPY   ポンド/円

Traders,

Let's delve into the forecasted path for GBP/JPY:

Trend Analysis:
Upon examining the daily chart, we notice a resilient bullish channel that, despite being broken previously, has resurfaced with vigor. Furthermore, the strength of bullish candles outweighs downward movements.

Potential Obstacles:
Anticipate some hurdles or resistances along the upward trajectory. These include:

The daily resistance at approximately 188.600,
The declining trendline, and
The bottom of the channel.
These levels can serve as strategic points for trade entries or exits.

Potential Starting Point:
Consider initiating the upward movement between the levels of 186.00 and 185.00.

Keep a keen eye on these dynamics as you navigate GBP/JPY.

Best of luck in your trading endeavors!






コメント:
Since we expect a correction to 186.000
Any breaks below the trend line the horizontal level will active a potential short trade!

コメント:
close some parts in profit!

コメント:
Remaining parts of the trader closed in loss or in entry point!
the path is still valid!

コメント:
コメント:
Get ready to open long trades after a confirmation!
コメント:
It's miraculously in the path!


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