GBP/JPY Set for Bullish Continuation Above 188.290"
GBP/JPY Analysis
The price is expected to remain in the bullish zone as long as it trades above 188.290, with bullish momentum supported by strong liquidity.
Bullish Scenario:
As long as the price stays above 188.290, and particularly above 189.100, the direction is expected to remain upward, targeting 191.580.
Bearish Scenario:
A reversal and stabilization below 188.290 would signal a bearish trend, potentially driving the price down to 186.370. A further decline below this level would confirm a downward movement.
Key Levels:
- Pivot Line: 189.200
- Support Levels: 188.290, 186.370, 184.115
- Resistance Levels: 190.150, 191.580, 193.250
Tendency: Upward Movement
The price is expected to remain in the bullish zone as long as it trades above 188.290, with bullish momentum supported by strong liquidity.
Bullish Scenario:
As long as the price stays above 188.290, and particularly above 189.100, the direction is expected to remain upward, targeting 191.580.
Bearish Scenario:
A reversal and stabilization below 188.290 would signal a bearish trend, potentially driving the price down to 186.370. A further decline below this level would confirm a downward movement.
Key Levels:
- Pivot Line: 189.200
- Support Levels: 188.290, 186.370, 184.115
- Resistance Levels: 190.150, 191.580, 193.250
Tendency: Upward Movement
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