GBP/JPY is trading within an ascending channel and has recently bounced strongly from the key support area around 193.77. As long as this level holds, the price is expected to push higher toward the resistance at 194.81 and potentially 195.45. A break below 193.77 would invalidate the bullish scenario and could indicate a shift to a more neutral or bearish structure.
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.
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.