GBP/JPY, Technical Analysis – H4
The pair remains within the broader bullish trend, yet early signs of a potential breakdown are emerging on lower timeframes.
The pair remains within the broader bullish trend, yet early signs of a potential breakdown are emerging on lower timeframes. Notably, an “Over & Under” reversal pattern is visible, suggesting a pullback to the prior high at 215,700 followed by a strong downward impulse aimed at breaking the trend line.
Key Levels:
□ 215,200–215,700 (current range)
□ 215,700 (key resistance / prior high)
□ 214,600–214,800 (next support target)
Primary Scenario:
Pullback to 215,700, followed by a decline toward 214,600–214,800.
Alternative Scenario:
Continued consolidation within the 215,200–215,700 range.
Analyst Commentary:
A two-sided trading environment is possible.
Nikolai Krishtopov es analista de mercado en Investizo, con más de 15 años de experiencia en el sector de los mercados financieros y más de una década de experiencia operando. Sus áreas de interés incluyen los mercados de forex y criptomonedas, el análisis técnico, el trading intradía y el comportamiento del mercado.