GBP/JPY Technical Analysis.

GBP/JPY Technical Analysis.

Currently, GBP/JPY is trading at 134.02. The pair may start a new up trend if it breaks the resistance level at 133.89. Previously, the pair was trading in an up trend and after touching the resistance level it started consolidating in the resistance and support...
GBPJPY Bearish Triangle Pattern.

GBPJPY Bearish Triangle Pattern.

GBPJPY is forming a Descending Triangle pattern, which is a bearish pattern . According to chart pattern analysis, we might see a downside in GBPJPY toward support level 1 and support level 2. One can initiate the short side trade at the current level with proper risk...
GBP/JPY Technical Analysis.

GBP/JPY Technical Analysis.

Currently, GBP/JPY is trading at 133.01. The pair is consolidating in the resistance and support ascending triangle wedges . Previously, the pair was trading in a down trend and after touching support level it started consolidating in the resistance and support...
GBPJPY CLOSE TO TREADLING RESISTANCE

GBPJPY CLOSE TO TREADLING RESISTANCE

Hello, my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. As we can see that the price is at its trendline . One can wait for it to breakout. Let us...
GBP/JPY Technical Analysis.

GBP/JPY Technical Analysis.

Currently, GBP/JPY is trading at 132.68. The pair started a new down trend on 9th June and after giving the exit signal on regression trend, it consolidated between the resistance and support levels. After breaking the support level and neck line at 133.97, the pair...