After breaking below the 188.00 support zone and testing 184.50 support, GBPJPY quickly reversed, signaling strong buying interest and a classic false breakdown.
Last week, the pair also reclaimed the key 190.00 level – an important technical and psychological area – showing clear strength and readiness for a potential continuation higher.
The key question now: Is GBPJPY ready to launch towards new highs?
Here’s why I stay bullish:
- Strong rejection at 184.50 confirms buyer dominance.
- Recovery above 190.00 is a major bullish signal.
- Market structure now favors buying dips
Trading Plan:
I’m looking to buy dips, staying bullish as long as 187.00 remains intact.
🎯 Targeting a move towards 195.00.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Last week, the pair also reclaimed the key 190.00 level – an important technical and psychological area – showing clear strength and readiness for a potential continuation higher.
The key question now: Is GBPJPY ready to launch towards new highs?
Here’s why I stay bullish:
- Strong rejection at 184.50 confirms buyer dominance.
- Recovery above 190.00 is a major bullish signal.
- Market structure now favors buying dips
Trading Plan:
I’m looking to buy dips, staying bullish as long as 187.00 remains intact.
🎯 Targeting a move towards 195.00.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
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💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
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🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.