GBPJPY - It Looks Like Bullish
Generally, the direction looks like a bullish trend; the direction was reversed and stabilized above 205.17.
Uptrend Side: The upward-trending side will be active as long as the price trades above the support of 205.17, then will try to touch 206.79, and above it will touch 207.99.
Downtrend Side: It is possible that there will be a correction down to 205.17. Any break below the last support retest, confirmed by the closing of a 4-hour candle, could lead to a further decline, potentially reaching 104.06.
Tendency Keys: 205.17
Uptrend Side: The upward-trending side will be active as long as the price trades above the support of 205.17, then will try to touch 206.79, and above it will touch 207.99.
Downtrend Side: It is possible that there will be a correction down to 205.17. Any break below the last support retest, confirmed by the closing of a 4-hour candle, could lead to a further decline, potentially reaching 104.06.
Tendency Keys: 205.17
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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