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Forex Market Daily Technical Analysis of GBP/JPY

Daily Pivot Point of GBP/JPY Chart in 30M Time Frame is: 198.86 and Preferred situation is Bullish. Our Preferred Senario is Long Positions (Buy) above 198.86 with first target at 200.66 and second target at 201.16 in extension as take profits.
forex-technical-analisys-pivot-points-chart-GBPJPY-2024-05-24-a9ab2.gif

Forex Daily Pivot Points and Market Situation:

Daily Pivot Point of GBP/JPY Sybmol in 30M Time Frame Chart is: 198.86 and Preferred situation is Bullish.

Forex Daily Support and Resistance Lines:

Technical analysis of GBP/JPY: Resistance Lines of Day in 30M Time Frame:

  • Resistance Level 3: 201.66
  • Resistance Level 2: 201.16
  • Resistance Level 1: 200.66

Technical analysis of GBP/JPY: Support Lines of Day in 30M Time Frame:

  • Support Level 1: 198.86
  • Support Level 2: 198.02
  • Support Level 3: 197.52

Forex Trading Signals:

Our Preferred Senario is Long Positions (Buy) above 198.86 with first target at 200.66 and second target at 201.16 in extension as take profits.

If the market moves in the opposite direction, Alternative Senario is Short Positions (Sell) under 198.86 with first target at 198.02 and second target at 197.52 in extension as take profits

Support and Resistance Levels and Pivot Points in Chart of GBP/JPY

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