GBP/JPY, Technical Analysis – H4
The pair has already completed a 5-wave upward structure. As we have experienced, the market rarely delivers a seventh wave.
The pair has already completed a 5-wave upward structure. As we have experienced, the market rarely delivers a seventh wave. Therefore, traders should closely monitor the price reaction at the key support zone of 217,700–217,800 to determine whether the uptrend is fully exhausted or remains valid.
Key Levels:
□ 217,700 – 217,800 (critical support)
□ 216,500 (deeper support)
Primary Scenario:
Decline to the 217,700–217,800 zone, followed by an upward rebound.
Alternative Scenario:
Decline toward 216,500.
Analyst Commentary:
Considering it is Friday, when markets typically reduce activity and prepare to close positions ahead of the weekend, trading this pair today may offer limited profitability despite potential volatility.
نیکولای کریشتوپوف تحلیلگر بازار در Investizo است و بیش از 15 سال تجربه در صنعت بازارهای مالی و بیش از یک دهه تجربه معاملهگری دارد. حوزههای تمرکز او شامل بازارهای فارکس و رمزارز، تحلیل تکنیکال، معاملات روزانه و رفتار بازار است.