GBPJPY - Back From Their Support

16. Sept.

Generally, the direction is uptrend as long as trades above the support of 181.306.

Uptrend Side: currently the price trades above 183.869, thus will support the price to rise toward 188.232 and above 191.584.

Downtrend Side: To be a bearish trend, the price should stabilize below 183.869, also, if it crosses the blue daily uptrend, and touches the support of 181.306, thus will confirm the bearish trend.

Tendency Keys: 183.869 and 181.306

17. Sept.

Trade ist aktiv

Still, the price is active toward 188.232, which may currently face the short correction

18. Sept.

Trade geschlossen: Ziel wurde erreicht

The price continues its uptrend toward 188.232. After reaching this level, a correction may occur, followed by a potential breakthrough to 191.58.

19. Sept.

Trade geschlossen: Ziel wurde erreicht

the price rose as we mentioned and reached our target of 188.232. and still has a bullish trend toward 191.58.

20. Sept.

Trade geschlossen: Ziel wurde erreicht

The price rise, as we mentioned, reached the strong zone, which is located between 191.59 and 193.18.

Currently, we have two scenarios. The first scenario suggests that the price, after reaching this zone, may reverse downward. In the second scenario, if the price breaks through this level and stabilizes above it with a 4-hour or daily candle, a rise is expected.