GBPJPY is hovering around 213.22, just above the key support level of 212.500. Although a bearish trendline continues to exert downward pressure, the current structure suggests that selling momentum has waned, as the price has consistently held above recent lows.
The fundamental backdrop also slightly favors the bulls: the JPY remains broadly weak, while the GBP has not faced sufficient pressure to trigger a sharp reversal. If the price holds above 212.500, GBPJPY could stage a technical rebound and target the 213.600 level.
Entry Focus: Prioritize BUY positions around 212.500 – 212.800 if price stability is observed.
Target: 213.600
Invalidation: The bullish scenario is invalidated if the H4 candle closes below...
The fundamental backdrop also slightly favors the bulls: the JPY remains broadly weak, while the GBP has not faced sufficient pressure to trigger a sharp reversal. If the price holds above 212.500, GBPJPY could stage a technical rebound and target the 213.600 level.
Entry Focus: Prioritize BUY positions around 212.500 – 212.800 if price stability is observed.
Target: 213.600
Invalidation: The bullish scenario is invalidated if the H4 candle closes below...
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Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。