GBPJPY we are have strong bearish push, which is be based on BoJ rate cut which we are have before 2 weeks, when they are raise rates.
On D TF on 21.8 price is make bounce on strong zone, on lower TF 4h we can see SYMMETRICAL TRIANGLE pattern created, its also breaked, for me 191.00 is be strong zone which can be used for confirmation of break of SYMMENTRICAL TRIANGL (next zone which can be used dor confirmation is 192.00).
Currently price looks like its make break, JPY is make strong bearish push in last periods with many majors now expecting to see some rebounces, technically with many looks bearish.
TP1: 194.600 (300)
TP2: 196.600 (500)
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GBPJPY doing good, 191.500 zone is one of crucial zones, which if we see break, will can be sign we are on bullish run.
Full confirm we will get on zone 192.00. Stay tuned!
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After todays break of zone 192.00 bullish push till TPs expected
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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.