**Monthly Chart**
**GBPJPY** long-term directional Bias has been bullish since Nov 2020. It is now approaching critical levels around 195 areas of Aug 2015 high as it completed balancing the liquidity candles of 2016. The pair made a triple bottom in Mar 2020 by testing Oct 2016 low level suggesting long-term directional bias to be bullish.
Last month's candle (Nov 2023) closed bullish just shy of 188.00 level (sensitive level) of the previous bearish pin of Nov 2015). This month I like to see if the price can break the high and continue towards 192 and then 196 key levels.
**Weekly Chart**
Last week’s candle opened higher to then closed within the range of the previous week. I like to see GBPJPY test 184.50 before it moves higher by this week. Because I still see a potential for this pair to continue higher.
On Monday 27.11.2023 the price tested the high creating MC around the supply zone. However, I still see a bullish directional bias this week. However, I need to see if the price can bounce from the demand zone around 184.50 level.
**GBPJPY** long-term directional Bias has been bullish since Nov 2020. It is now approaching critical levels around 195 areas of Aug 2015 high as it completed balancing the liquidity candles of 2016. The pair made a triple bottom in Mar 2020 by testing Oct 2016 low level suggesting long-term directional bias to be bullish.
Last month's candle (Nov 2023) closed bullish just shy of 188.00 level (sensitive level) of the previous bearish pin of Nov 2015). This month I like to see if the price can break the high and continue towards 192 and then 196 key levels.
**Weekly Chart**
Last week’s candle opened higher to then closed within the range of the previous week. I like to see GBPJPY test 184.50 before it moves higher by this week. Because I still see a potential for this pair to continue higher.
On Monday 27.11.2023 the price tested the high creating MC around the supply zone. However, I still see a bullish directional bias this week. However, I need to see if the price can bounce from the demand zone around 184.50 level.
Join our PropSignals Channels on Telegram
t.me/PropsignalAE
t.me/PropsignalAE
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.
Join our PropSignals Channels on Telegram
t.me/PropsignalAE
t.me/PropsignalAE
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.