GPBJPY Price Continues to Slide Following a Rebound

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

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 below the 153.030 significant level, the sellers had already carried out their rebound in the market. Therefore, GBPJPY price is set to continue in bearish order flow in the market.

GBPJPY Significant Levels

Resistance Levels: 158.240, 155.230
Support Levels: 153.030, 148.950

GPBJPY Price Continue to Slide Following a Rebound GBPJPY Long Term Trend: Bearish

Since early June 2021, GBPJPY has been striving downward in a descending order channel. The market significantly rallied down from this channel before the bullish order was put into demand. GBPJPY flow began to push forward, and the momentum drifted up to the 158.240 significant level. However, the sellers turned the market tendency back to a bearish phase by aligning price movement downward till it finally arrived back at the 148.950 support level.

At this level, the sellers stopped pushing for a further breakthrough in the market. The bulls and bears are now seen engaging in the price tendency in the market time frame. The price analysis formed an “M” shape, indicating a bearish reversal for the market currently. The bears are now controlling the price influence on the 1-day chart. Due to the current retest, the slide should be concluded at the 148.950 support zone.

GPBJPY Price Continue to Slide Following a Rebound GBPJPY Short Term Trend: Bearish

The 4-hour chart in the market shows GBPJPY sliding downward following a rebound at the 153.030 significant level. The Bollinger Band indicator’s upper band also acted as a resistance zone as the price rebounded from the 153.030 key level in the market. The Relative Strength Index (RSI) shows the process is still ready to continue downward till prices arrive at 148.950 significant levels.

How To Buy Lucky Block https

Note: is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *