GBPJPY → Breaking the psychological level. What's next, 215.0?

Jun 12

GBPJPY is getting ready to break resistance (ATH for 15 years). In the long term, there is upside potential to 215.8. A strong bullish formation is forming on H4-D1



On the monthly timeframe, price is in the 195-215 range. Bulls kept the defense above the support, at the same time a pre-breakdown setup is forming on the chart, the focus of which is on the resistance at 200.6. The psychological level may be broken in the nearest future, which may provoke the market to active growth towards 202-205, further towards 215 (medium-term perspective).
Japanese Central Bank is not doing well, today we expect news in the US: CPI, FOMC and FED meeting, inflation data is expected to be neutral.

Resistance levels: 200.6
Support levels: 199.9

Technically and fundamentally, the currency pair has a strong bullish bias. If the bulls are able to consolidate above 200, this zone will become a strong support in the medium term.

Regards R. Linda!

Jun 12

Note

Consolidation above the level

Jun 13

Trade active

The breakthrough came. Let's go up!

Jun 13

Note

Continuing to hold

Jun 14

Trade active

Jun 16

Trade active

Waiting for resistance retest

Jun 17

Trade active

Another retest of 200.6
Consolidation above the level will send us to 203.0

Jun 19

Trade active

Price consolidation above the key resistance level. Breakout of 201 will strengthen the price growth

Jun 20

Trade active

Continuing to hold
Next 202

Jun 21

Trade active

Jun 24

Trade closed: target reached

Target 1 reached

Jun 25

Note

Bullish setups continue to form in the uptrending market