Categories: Technical analysis

GBPJPY Wave Analysis 15 February, 2021

• GBPJPY broke key resistance level 145.00

• Likely to reach resistance level 148.00

GBPJPY continues to rise inside the accelerated minor impulse wave (v) which previously broke through the key resistance level 145.00 (former monthly high from February of 2020).

The active impulse wave (v) begins to the impulse wave 3 of the intermediate upward impulse sequence (C) from the middle of September.

GBPJPY can be expected to rise further toward the next resistance level 148.00 (former multi-month high from December of 2019).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: GBPJPY

Recent Posts

SP500 quiet correction

The S&P500 reached the 6000 mark but faced resistance due to fatigue and dollar appreciation.…

11 mins ago

The third day of Crypto cooling off

The crypto market has continued to cool down for the third day, with a 1.7%…

3 hours ago

GBPUSD Wave Analysis 14 November 2024

- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…

17 hours ago

USDCAD Wave Analysis 14 November 2024

- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…

17 hours ago

The dollar has reached range limits

The US dollar has strengthened, reaching the upper boundary of its trading range. The British…

19 hours ago

Crypto: Tug-of-war at new altitude

Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…

20 hours ago

This website uses cookies