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).

AddThis Website Tools
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

USDJPY Wave Analysis – 24 March 2025

USDJPY: ⬆️ Buy - USDJPY broke the resistance zone - Likely to rise to the…

26 minutes ago

Dow Jones Wave Analysis – 24 March 2025

Dow Jones: ⬆️ Buy - Dow Jones reversed from support zone - Likely to rise…

26 minutes ago

Bitcoin pushes up from 200-day MA

Bitcoin pushed back from its 200-day low, with the crypto market capitalization rising to $2.86…

4 hours ago

Video: Market Shake-Up! Dollar, Bitcoin & Gold on the Move – What’s Next?

Big moves are brewing in the markets! 📉📈 The US Dollar is forming a bottom,…

9 hours ago

Tesla Wave Analysis – 21 March 2025

Tesla: ⬆️ Buy - Tesla reversed from support level 220.00 - Likely to rise to…

3 days ago

Google Wave Analysis – 21 March 2025

Google: ⬆️ Buy - Google reversed from key support level 160.00 - Likely to rise…

3 days ago