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Predicted Path for GBP/JPY

Long
British Pound / Japanese Yen (OANDA:GBPJPY)  
AliSignals Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Supply and Demand Trend Lines GBPJPY GBP jpy forecast
3
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trendanalysis supplyanddemand trendline gbpjpy gbp jpy forecast
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Traders,

Let's delve into the forecasted path for GBP/JPY:

Trend Analysis:
Upon examining the daily chart, we notice a resilient bullish channel that, despite being broken previously, has resurfaced with vigor. Furthermore, the strength of bullish candles outweighs downward movements.

Potential Obstacles:
Anticipate some hurdles or resistances along the upward trajectory. These include:

The daily resistance at approximately 188.600,
The declining trendline, and
The bottom of the channel.
These levels can serve as strategic points for trade entries or exits.

Potential Starting Point:
Consider initiating the upward movement between the levels of 186.00 and 185.00.

Keep a keen eye on these dynamics as you navigate GBP/JPY.

Best of luck in your trading endeavors!






Comment:
Since we expect a correction to 186.000
Any breaks below the trend line the horizontal level will active a potential short trade!

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Comment:
close some parts in profit!

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Remaining parts of the trader closed in loss or in entry point!
the path is still valid!

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Comment:
Get ready to open long trades after a confirmation!
Comment:
It's miraculously in the path!

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