**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 2023 by testing Oct 2016 low level suggesting long-term directional bias to be bullish. Over the next couple of months, I need to see if the price is able to sustain above 195 level or bounce to start the short-term trend as bearish.
This monthly candle created new highs after the close of last month's candle which closed higher.
**Weekly Chart**
Last week candle closed higher suggesting the price to continue higher. If the price breaks 190 high, then next target will be above 195 and then 215 levels.
**Daily Chart**
Moving into lower time frames, there were good POI near demand zones to buy since 3.10.2023. In the coming weeks, I will be looking to buy GBPJPY unless the chart patterns suggest otherwise.
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 2023 by testing Oct 2016 low level suggesting long-term directional bias to be bullish. Over the next couple of months, I need to see if the price is able to sustain above 195 level or bounce to start the short-term trend as bearish.
This monthly candle created new highs after the close of last month's candle which closed higher.
**Weekly Chart**
Last week candle closed higher suggesting the price to continue higher. If the price breaks 190 high, then next target will be above 195 and then 215 levels.
**Daily Chart**
Moving into lower time frames, there were good POI near demand zones to buy since 3.10.2023. In the coming weeks, I will be looking to buy GBPJPY unless the chart patterns suggest otherwise.
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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.