GBPJPY Will Go Higher From Support! Buy!

29 בנוב׳ 2023

Please, check our technical outlook for GBPJPY.

Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is trading around a solid horizontal structure 187.129.

The above observations make me that the market will inevitably achieve 188.318 level.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

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