GBPJPY is testing key areas of interest amid an upward trend as part of a deep correction. Fundamentally, the pound is stronger than the yen...The Japanese yen continues to decline for economic reasons related to the Bank of Japan. Against this backdrop, the pound is strengthening. Focus on the 211.59 - 212.0 zone, where the battle for position is most likely to take place. If the bulls manage to break through 212, the currency pair could return to an upward trend.
The currency pair is forming a fairly deep correction, but there is no break in the trend structure. A retest of the 0.6-0.7 Fibonacci zone and a retest of the consolidation boundary within the bullish trend have been formed.
Resistance levels: 212.08, 213.01
Support levels: 211.59, 211.31
A false breakout and the market holding above the key support zone could give buyers a chance to resume the uptrend after the correction ends.
Best regards, R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
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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。