GBP/JPY Long-Term Trend: Bullish
Key Resistance Levels: 186.989, 187.468, 188.059
Key Support Levels: 186.176, 184.011, 183.585
Daily Chart:
The price on the higher time frame has recently been in an uptrend after it tested a major support level of 178.799 and bounced back. The pair has continued to break a few resistance levels which suggests further trend continuation.
GBP/JPY Medium-Term Trend: Bullish
1-Hour Chart:
On the lower time frame, the pair is moving in the major trend’s direction. It recently grabbed liquidity from a volume area of 185.348 and bounced back. As of now the pair has broken and retested a minor level of 186.176 before continuing the momentum.
Signal Idea:
Buy Limit Order @ 186.508
TP @ 186.952
Stop Loss @ 186.064
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