GBPJPY is struggling to break weekly resistance at 145.000

British Pound / Japanese Yen (FX:GBPJPY)

Updated

FX:GBPJPY British Pound / Japanese Yen

trendanalysis chartpattern waveanalysis gbp jpy usd eur aud cad gbpjpy gbpjpyshort gbpjpylong

GBPJPY is now struggling to break weekly resistance at 145.000 level, which is acting as pretty important
level for this pair. We have two scenarios:

If GBPJPY breaks 145.000, it's gonna go for retest and then shoot up to 147.000 area, which acts like a next resistance
area.

If 145 area will hold, we can see GBPJPY coming down back to 143.500 and then lower.

Let's wait for price action and then place a trade base on it. Trading is game of the patience.
I will upload this idea as soon as GBP moves one or other way. Good luck ya'll and have a nice rest of week.

Comment:

Sorry Im uploading from my phone, but i m possible to be on laptop as i m having some vacation.
GBPJPY broke its consolidation on resistance and heading to retest support at 143.500 and maybe lower to the trendline.

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