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GBPJPY Analysis 13Oct2023

British Pound / Japanese Yen (OANDA:GBPJPY)  
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OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Technical Indicators Wave Analysis GBPJPY gbpjpyanalysis gbpjpyidea gbpjpytrade hokusaifx forexsignal gbpjpyoutlook gbpjpyforecast
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trendanalysis indicator waveanalysis gbpjpy gbpjpyanalysis gbpjpyidea gbpjpytrade hokusaifx forexsignal gbpjpyoutlook gbpjpyforecast
The currency pair of GBPJPY has recently touched the Fibo area of 0.236 and experienced a bullish move. Currently, there has been a BoS and the Sturcture Market is showing a strong indication of bullish continuation. If the price declines again, it will only be considered a correction from the bullish trend that has occurred. It is important to note that the price decline is within the invalid area limit. This provides further support for the bullish trend that is currently prevailing in the market.

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