**Monthly Chart (Long Term Bullish Trend)**
Although last month candle closed as a bearish candle. However, the long-term trend is still bullish as per the monthly chart. The next target is around 190 - 195 area. The pair might slow down near the monthly manipulation candle of Aug 2015. However, if it breaks and makes a new high then we will continue looking for long opportunities at least to 215 level. There are liquidity pools are sitting at that level.
**Weekly chart**
The weekly candle closed as a bullish candle suggesting the continuation of the upward trend and currently testing the weekly MC. GBPJPY aggressively moved higher around 900 pips since opening in January 2024 candle after testing the equal lows on weekly chart.
**Daily Chart**
There might be a good opportunity for a counter-trend trade to move lower toward the liquidity pool before the continuation of the bullish trend. But this needs to be examined on 4H and Hourly charts for better trade confirmation.
Although last month candle closed as a bearish candle. However, the long-term trend is still bullish as per the monthly chart. The next target is around 190 - 195 area. The pair might slow down near the monthly manipulation candle of Aug 2015. However, if it breaks and makes a new high then we will continue looking for long opportunities at least to 215 level. There are liquidity pools are sitting at that level.
**Weekly chart**
The weekly candle closed as a bullish candle suggesting the continuation of the upward trend and currently testing the weekly MC. GBPJPY aggressively moved higher around 900 pips since opening in January 2024 candle after testing the equal lows on weekly chart.
**Daily Chart**
There might be a good opportunity for a counter-trend trade to move lower toward the liquidity pool before the continuation of the bullish trend. But this needs to be examined on 4H and Hourly charts for better trade confirmation.
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Join our PropSignals Channels on Telegram
t.me/PropsignalAE
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.