TECHNICAL ANALYSIS
This pair is bullish and its in a beautiful upward channel creating higher highs and higher lows. Price is currently in the weekly buy zone which is also the current support area. Bulls will be looking to go long here and hope to take price all the way to the projected take profit target.
FUNDAMENTAL ANALYSIS
The currency pair GBPJPY has a score of 2, indicating that the base currency is stronger than the quote currency. However, the pair shows neutrality with the trend projection being to the upside. COT shows institutional positioning is long both pairs, the market and price, however, is bullish.
This pair is bullish and its in a beautiful upward channel creating higher highs and higher lows. Price is currently in the weekly buy zone which is also the current support area. Bulls will be looking to go long here and hope to take price all the way to the projected take profit target.
FUNDAMENTAL ANALYSIS
The currency pair GBPJPY has a score of 2, indicating that the base currency is stronger than the quote currency. However, the pair shows neutrality with the trend projection being to the upside. COT shows institutional positioning is long both pairs, the market and price, however, is bullish.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.