The market is testing the resistance zone that was high the previous day. Obviously, all XZY/JPY pairs are extremely bullish. I think the
GBPJPY
will continue moving upward, retesting the resistance zone on the monthly timeframe. The price is moving the resistance zone between 194.000 and 195.000, which was formed in 2015. If the market makes a pullback and rejects the support level, we can expect bullish moves up to those levels. My goal is near the resistance at 193.000
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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