The GBP/JPY pair is in an overall uptrend, though currently experiencing a short-term pullback.
• Key Support: 191.70 – A bounce from this level could push prices higher.
• Upside Targets: 194.00, 195.50, and 195.70 if the bullish trend continues.
• Bearish Scenario: A break below 191.70 could lead to further declines toward 190.90, 190.00, and 189.00.
Conclusion: The trend remains bullish unless GBP/JPY drops below 191.70, which would signal further downside risk.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
• Key Support: 191.70 – A bounce from this level could push prices higher.
• Upside Targets: 194.00, 195.50, and 195.70 if the bullish trend continues.
• Bearish Scenario: A break below 191.70 could lead to further declines toward 190.90, 190.00, and 189.00.
Conclusion: The trend remains bullish unless GBP/JPY drops below 191.70, which would signal further downside risk.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
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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.