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Forex (GBPJPY) Analysis:- Scenario 1: Activation of Bullish Trend GBPJPY pair forms new negative waves, settling near bullish channel’s support line at 191.50. Activation of bullish track requires new closings above this support. Positive momentum needed to start forming bullish waves targeting 193.00 and 194.80. Scenario 2: Potential for Negative Trend Facing new negative pressures.…

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Forex (GBPJPY) Analysis:- The GBPJPY provided a new positive close above the minor bullish channel’s resistance at 195.90, indicating its preparation to renew bullish attempts and reaching 197.05. Now, 195.90 forms the major support against bullish trades, allowing for the expectation of gathering positive momentum to form a strong bullish wave and target 197.75, followed…

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Forex (GBPJPY) Analysis:- The GBPJPY pair provided more mixed trades due to the continuous contradiction between the major indicators, to notice testing the bullish channel’s support line at 190.30 followed by forming some bullish waves, to settle near 191.15. Note that it is important to gather the positive momentum to ease the mission to breaching…

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