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GBP/JPY Potential Upward Movement

GBP/JPY Long-Term Trend: Bullish

Key Resistance Levels: 191.952, 192.759, 193.453

Key Support Levels: 190.702, 189.220, 188.704

Daily Chart:

The price on the higher time frame has recently been in an uptrend after it tested a 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 broke a consolidation zone of 188.704 and 189.220 and has sustained above. As of now the pair has broken a minor level and EMA and has retested before continuing the momentum.

Signal Idea:

Buy Stop Order @ 191.195

TP @ 191.871

Stop Loss @ 190.498

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

One comment

  1. Sir, I am a new trader, and also i loss money from trading. So i need your help some free forex signal. Because i have small account and not have enough money. Sir please help me.

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