Get started
AbeikuGlobal_FX

GBPJPY, to swing up to retest the Year's high of 186.735

Long
British Pound / Japanese Yen (OANDA:GBPJPY)  
AbeikuGlobal_FX Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Beyond Technical Analysis Wave Analysis Trend Analysis gbpjpyanalysis GBPJPY gbpjpyidea oanda gbpjpydaily gbpjpylong gbpjpyforecast gbpjpytrade gbpjpysetup
6
1
beyondta waveanalysis trendanalysis gbpjpyanalysis gbpjpy gbpjpyidea oanda gbpjpydaily gbpjpylong gbpjpyforecast gbpjpytrade gbpjpysetup
GBPJPY made a breakout of the ascending channel since 28th July 2023 and went up to channel the year's high at 186.672 on the 17th of August 2023. Price pulled back to 184.110 support.

The pull back has been happening in a descending channel from 16th August when it broke out of the descending channel and was looking to retest the channel last Friday, 2nd September and rebounded on the 183.530 support.

What do I expect??

The price will swing up to retest the year's high of resistance (186.735) or the yearly resistance trendline closer to the year's high as shown.
Comment:
Cherish traders, please leave me a comment on what you think.
Trade closed: target reached
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.