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Weekly forecast British Pound / Japanese Yen technical chart
Symbol GBPJPY

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateOctober 22, 2022 - 18:10
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 165.726, beginning of uptrend is expected.
  • We make sure when the resistance at 170.150 breaks.
  • If the support at 165.726 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 159.725 on 10/12/2022, so more gains to resistance(s) 167.560 and maximum to Major Resistance (170.150) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 57.

Supports and Resistances:

  1. 165.726
  2. 164.277
  3. 162.500
  4. 160.656
  5. 159.472
  6. 150.974
Click on the level to view price action history.
Symbol Released Current Forecast
British Pound / Japanese Yen (GBPJPY) new Sun, 14 Apr 2024
British Pound / Japanese Yen (GBPJPY) Sat, 6 Apr 2024
British Pound / Japanese Yen (GBPJPY) Sat, 30 Mar 2024
British Pound / Japanese Yen (GBPJPY) Sat, 23 Mar 2024
British Pound / Japanese Yen (GBPJPY) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on GBPJPY.