GBP/JPY, Technical Analysis – H1
The pair is likely completing its downward correction and is currently testing a new support zone.
The pair is likely completing its downward correction and is currently testing a new support zone at the confluence of the trendline and the 213.00–213.10 level. If a rebound is confirmed, bulls could easily push the price toward the 213.80–214.00 area.
Key Levels:
□ 213.00–213.10 – Key support / trendline confluence
□ 213.80–214.00 – Immediate upside target
Primary Scenario:
Rebound upward toward the 213.80–214.00 region.
Alternative Scenario:
Breakdown below 213.00, triggering bull liquidations and a potential short squeeze of 70–100 pips.
Analyst Commentary:
Wait for clear confirmation of a reversal in the 213.00–214.00 zone before taking new positions.
Николай Криштопов — рыночный аналитик Investizo с более чем 15-летним опытом работы в индустрии финансовых рынков и более чем десятилетним опытом трейдинга. В сферу его интересов входят валютный и криптовалютный рынки, технический анализ, внутридневная торговля и поведение рынка.