GBP/JPY, Technical Analysis – H4
Bulls have successfully defended the overall uptrend structure during the latest technical pullback, effectively removing near-term concerns about a potential trend reversal.
Bulls have successfully defended the overall uptrend structure during the latest technical pullback, effectively removing near-term concerns about a potential trend reversal. A fresh upward impulse is now expected, targeting a break above the recent high near 218.00, with further objectives at 218.50 and 219.00.
Key Levels:
□ 218.00 (key resistance/breakout level)
□ 218.50 (next target)
□ 219.00 (further upside target)
Primary Scenario:
Advance toward 218.50 and 219.00.
Alternative Scenario:
Encountering resistance at 218.00.
Analyst Commentary:
Despite the strong and confident uptrend, it is worth noting that the current wave is already the seventh in sequence. This raises the risk of bull exhaustion and potential profit-taking once new highs are printed.
نيكولاي كريشتوبوف محلل أسواق في Investizo يتمتع بخبرة تزيد على 15 عامًا في قطاع الأسواق المالية وأكثر من عقد من الخبرة في التداول. تشمل مجالات اهتمامه أسواق الفوركس والعملات الرقمية، والتحليل الفني، والتداول اليومي، وسلوك السوق.