GBPJPY - Will Bullish trend continued?
**Monthly Chart**
Last month's candle closed as bullish. GBPJPY is currently moving toward 195 level which is the swing high of June-Aug 2015. The pair is extremely bullish. However, we might see a strong reaction near the mentioned strong monthly swing high. Therefore, the price will have one more push-up before it reverses lower.
**Weekly Chart**
Last week's candle closed bearish suggesting a reversal move to the downside. However, I still see some room for the price to break the high and move towards 195 level. GBPJPY has a similar reaction to OB (Manipulation candle) of Nov 2023. While the short move didn’t sustain and the price kept moving higher.
**Daily Chart**
The pair is still bullish moving higher. However, it reacted (short-term counter-trend) and started moving lower. While I still see it continue moving higher. We might still see a reaction towards this level due to the liquidity pool at around 195 before it moves lower. On lower time frames there were good trade setups for both longs and shorts
Last month's candle closed as bullish. GBPJPY is currently moving toward 195 level which is the swing high of June-Aug 2015. The pair is extremely bullish. However, we might see a strong reaction near the mentioned strong monthly swing high. Therefore, the price will have one more push-up before it reverses lower.
**Weekly Chart**
Last week's candle closed bearish suggesting a reversal move to the downside. However, I still see some room for the price to break the high and move towards 195 level. GBPJPY has a similar reaction to OB (Manipulation candle) of Nov 2023. While the short move didn’t sustain and the price kept moving higher.
**Daily Chart**
The pair is still bullish moving higher. However, it reacted (short-term counter-trend) and started moving lower. While I still see it continue moving higher. We might still see a reaction towards this level due to the liquidity pool at around 195 before it moves lower. On lower time frames there were good trade setups for both longs and shorts
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