GBPJPY shows strong bullish momentum after recent highs around 213.92, but expect a minor short recovery first. Market likely retests support at 210.44 or deeper to 208.00 before resuming uptrend targeting 216.00 next week. Chart highlights key levels with recent price action from ~210.84 lows.
Key Levels
Support: 210.44 (immediate), 208.00 (stronger retest zone)
Resistance: Recent high ~214, then 216.00 target
Bullish Bias: Above 210.63 for rally continuation
Trade Setup (Next Week)
Wait for dip to 210.44-208.00 on pullback.
Buy on bullish reversal (e.g., hammer candle, RSI oversold).
Targets: 214 → 216. Stop below 208.
Risk: Break under 208 shifts bearish to 205.
Key Levels
Support: 210.44 (immediate), 208.00 (stronger retest zone)
Resistance: Recent high ~214, then 216.00 target
Bullish Bias: Above 210.63 for rally continuation
Trade Setup (Next Week)
Wait for dip to 210.44-208.00 on pullback.
Buy on bullish reversal (e.g., hammer candle, RSI oversold).
Targets: 214 → 216. Stop below 208.
Risk: Break under 208 shifts bearish to 205.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.