GBPJPY Price Analysis – January 20 GBPJPY’s upside march attempts to advance beyond the 142.33 level with a strong impulse to test the higher barrier at 142.71 level. The optimism about the UK’s vaccine campaign and lower cases is strengthening the case for stability in Pounds Sterling. Key LevelsResistance Levels: 147.95, 144.95, 142.71Support Levels: 140.31, […]
Our short trade idea form last week is running great but at today’s open price started to trade down to a massive key level in the short term. The 141.60 is the end of wave 1 AND wave 4 in the former bullish structure that we traded the reversal on. This means that there will […]
GBPJPY Price Analysis – January 10 In the new week, GBPJPY is likely to retain its upside traction beyond the mid 140.00 level while endorsing positive price action. Earlier GBPJPY has been on the back foot with GBP struggling on lockdown concerns. Key LevelsResistance Levels: 145.00, 142.71, 141.21Support Levels: 139.47, 138.00, 137.00GBPJPY Long term Trend: […]
The Pound-Yen is retesting for the third time a key level at the end of a bullish structure. This structure has hit short term bullish targets at the top of the range printing an important bearish divergence. This level is very important because it was the level that held price for 90 days (Nov 2019 […]
