FenzoFx—GBP/JPY is testing the 196.4 monthly high, a fragile resistance after four previous attempts.
On Friday, bulls pushed higher with a long-wick candlestick, but the Stochastic Oscillator signals an overbought market.
The bullish trend remains intact if GBP/JPY holds above 193.8 support. A breakout above 196.4 may target 198.3, while closing below support could shift momentum downward.
On Friday, bulls pushed higher with a long-wick candlestick, but the Stochastic Oscillator signals an overbought market.
The bullish trend remains intact if GBP/JPY holds above 193.8 support. A breakout above 196.4 may target 198.3, while closing below support could shift momentum downward.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
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.