👋 Interested in how you can make an $1,000 per day with a trusted heavily regulated ⭐⭐⭐⭐⭐ 5-star international broker? Sign up for a free consultation.


GBPJPY Trading Signals

GBPJPY is currently showing signs of a potential trading opportunity based on technical analysis. The currency pair is approaching the support line of a Falling Wedge pattern, indicating a possible bullish reversal in the near future. Here are some key points to consider:

Technical Indicators:

  • The Falling Wedge pattern suggests a potential bullish breakout.
  • The support line has been tested multiple times in the last 4 days, indicating its significance.
  • If GBPJPY tests the support line again, it is likely to do so within the next 9 hours.

Correlation with Assets:

GBPJPY is known to have a strong correlation with other JPY pairs such as EURJPY and AUDJPY. Traders can consider analyzing these pairs for additional confirmation of the trading signal.

Economic Calendar Events:

Traders should also keep an eye on upcoming economic calendar events that may impact the GBPJPY pair, such as UK GDP data releases, Bank of England interest rate decisions, and Japanese inflation reports. These events can create volatility and affect the direction of the currency pair.

⚠ If you wish to learn how to invest in the right stocks or trade successfully online, you can look into our free daily news about stock market news, crypto market news, commodities news, forex news, and financial markets daily technical analysis and trading signals.

 

Shares: