GBPJPY Resumes the Market Trend in an Upward Direction

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GBPJPY Analysis- July 8 GBPJPY resumes the market trend in an upward direction from the 157.800 demand zone. GBPJPY market had been trending in an upward direction until February 24, 2021, when the bulls drove the price beyond the previous resistance level. After this breakout, prices began to struggle between two major levels in the […]

GBPJPY Contains Sellers as Price Bumps Upward

GBPJPY Indicates an Imminent Price Reversal

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GBPJPY Analysis – June 10 GBPJPY indicates a price reversal close to the 168.710 resistance level. Market indicators show that there have been consistent buying opportunities for the GBPJPY price in recent times. The purchase traders had anticipated a price tendency beyond 168.710. However, the sellers are currently modifying the bullish tendency. There are presently […]

GBPJPY Price Breaks Away From 161.880 Resistance Level as Bulls Regain Strength

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GBPJPY Analysis – June 3 GBPJPY price breaks away from the 161.880 resistance level as bulls regain strength. Buyers have stepped up their activity to boost price momentum and push the level higher above the level of significant resistance. Therefore, as long as more positions are placed for a bullish breakout, the bulls will continue […]

GBPJPY Intends to Continue With the Markets’ Impulsive Swing

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GBPJPY Analysis – April 29 GBPJPY intends to continue with the market’s impulsive swing. Following a price explosion caused by sellers on the GBPJPY price structure, this came as an outcome of the price swing low, with the bulls continuing to rally onward. As the bullish trend progressed, the price swung down straight to the […]

GBPJPY Buyers’ Dominance Might End Soon

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GBPJPY Analysis – April 15 GBPJPY buyers’ tension is likely to sink in the market. In the price structure, the buy dealers are widely dispersed. As the price continues to rise in the market, the bulls have successfully driven the price trend forward. However, because sellers attempt to integrate the sell trend into the market, […]

GPBJPY Price Continues to Slide Following a Rebound

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GBPJPY Price Analysis – February 11 GBPJPY price continues to slide following a rebound at the 153.030 support level. The market attained its bearish strength following a change in price trend following a reversal at the 158.240 price level, where pending orders were strong enough to cause a shift in price tendency. Having broken down […]

GBPJPY Experiences a Successful Breakout of a Symmetrical Triangle

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GBPJPY Price Analysis – February 25 GBPJPY experiences a successful breakout of a symmetrical triangle during this week of trading. There was a successful break of a descending triangle on the 4th of October the previous year. GBPJPY formed the descending triangle between May and October last year. The demand zone at 149.140 held the […]

GBPJPY Bullish Ride Is Still Going Strong

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Price Analysis – GBPJPY Bullish Ride Continues to Surge Upward to the 158.200 Critical Level GBPJPY bullish side continues to surge upward to the 158.200 level of significance as buyers give more velocity to the influence of price. The buyers are currently holding more positions in the market, and they are activating price order flow. […]

GBPJPY Is Retracing Towards a Major Zone

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GBPJPY Analysis: Market Is Retracing Towards Major Zone at 154.810 GBPJPY is retracing towards the 154.810 major zone. The market created a wave pattern during its downward move towards the 149.110 zone. The move was initiated from mid-October to early December of the previous year. The market reversed at the 157.710 zone on the 21st […]