GBP/JPY Analysis Summary

Analytic Dave
Jun 28, 2021
1

 GBP/JPY Analysis Summary

Daily Summary
On the daily chart, it is clear that GBPJPY hit the upper pivot at 156.078, then touched the lower trend line at 151. 461. A clear look at the trend indicates a possible uptrend/bullish aimed at zone 155.977. In Long term, we have the potential of hitting the 158.963 zones. 

Equally, the four-hour chat reveals a situation where the lower side of the trend was touched at 153.585. From the 4-hour chart, it is evident that the market is headed for a bullish move to zone 154.953. If the zone is broken, then the daily target of 158.963 zones is confirmed.


The uptrend confirmation is well visible in the bullish flag evident in the 1-hour chart. Once we break above 153.963, the journey to the moon begins. 


My trade Summary: 

Today, 28th June 2021, my trades on GBPJPY take a bullish bias. Any changes in market reactions and direction will be update








Analytic Dave

Analytic Dave

AnalyticalDave is a personal financial analysis portfolio that captures my Derivatives trading, stock, and investing journey. My portfolio does NOT act as a financial advisor to any community. It is only purposed for journaling my story as a self-taught trader and investor.

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1 Comments
  • Analytic Dave
    Analytic Dave June 29, 2021 at 10:23 AM

    Great

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