GBPJPY Is Still Looking For A Higher Resistance
Jul 28, 2023

GBPJPY

GBPJPY is still looking for a higher resistance, as we see it just making a corrective pullback within uptrend by Elliott wave theory.

GBPJPY is quickly recovering after BOJ rate decision with a spike down. We see it as a wave »c« of an a-b-c correction in wave 4 of an extended wave (5). So, be aware now of a rally back to highs for the final wave 5 of (5) towards 185 – 190 resistance area, especially if jumps back above 182 bullish confirmation level, just watch out for short-term intraday pullbacks.

GBPJPY Is Still Looking For A Higher Resistance GBPJPY 4H Chart
GBPJPY 4H Chart

Cryptocurrency PEPE Looks Clearly Bullish. Check our free chart HERE

Do you find this interesting? Subscribe to our newsletter and stay up to date.

In our newsletter you will find all the news and macro reports about Forex, Crypto, Commodities and more. Don't miss a thing!

    DISCLAIMER

    Any reviews, news, analysis, prices or other information contained on our website is provided as general market commentary and delivered electronically through a distribution channel to larger number of clients, therefore does not constitute investment advice or investment research. We are not trading advisors. Most of our work is for educational purposes only, with information based on Elliott Wave theory in real time. Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors.

    The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.

    Any information or material contained on our website is owned by Val Global d.o.o.. Reproduction is prohibited without Val Global d.o.o. prior license in writing.

    By continuing to use the site, you agree to the use of cookies. Learn more.

    The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

    Close