empty
05.01.2024 05:42 AM
GBP/JPY H4 I Bearish Reversal

This image is no longer relevant

The GBP/JPY chart is currently facing significant resistance levels, suggesting the potential for a bearish reversal.

Resistance Levels:

The 1st resistance level at 184.2200 is identified as "An Overlap resistance" and is reinforced by the presence of the 161.80% Fibonacci Extension. This level signifies a strong barrier to further upward price movement. Additionally, the 2nd resistance level at 186.4200 is also characterized as "An Overlap resistance," underlining its role as a key resistance zone.

Support Levels:

On the support side, the 1st support level at 181.8200 is described as "An Overlap support." This level represents a potential area where buying interest may emerge and serve as a crucial support zone. Further down, the 2nd support at 180.4000 is identified as "Pullback support," suggesting its role in stabilizing price movements.

Dean Leo,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

EUR/USD. March 24th. A New Week – New Opportunities

On Friday, the EUR/USD pair rebounded from the 200.0% correction level at 1.0857 and fell to the support zone of 1.0781–1.0797. A rebound from this zone worked in favor

Samir Klishi 12:55 2025-03-24 UTC+2

GBP/USD. March 24th. The British Pound Starts the New Week at Full Speed

On the hourly chart, the GBP/USD pair continued its decline on Friday and even consolidated below the 1.2931 level. However, the drop was short-lived, as the bears on the pound

Samir Klishi 11:25 2025-03-24 UTC+2

EUR/USD and GBP/USD March 24 – Technical Analysis

Recently, the pair has been testing resistance levels from the weekly Ichimoku cloud (1.0946–1.0825) and monthly levels (1.0943–1.0856). Last week, sellers initiated a rejection and closed below these resistance zones

Evangelos Poulakis 07:55 2025-03-24 UTC+2

Technical Analysis of Intraday Price Movement of Natural Gas Commodity Instrument, Monday March 24, 2025

From what is seen on the 4-hour chart, the Natural Gas commodity instrument appears to be moving within the Bearish Pitchfork channel and this has also been confirmed

Arief Makmur 07:09 2025-03-24 UTC+2

Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Monday March 24, 2025.

On the daily chart, the exotic currency pair USD/IDR appears to be moving in a Bullish Pitchfork channel, which is confirmed by the price movement of this exotic currency pair

Arief Makmur 07:09 2025-03-24 UTC+2

EUR/USD Forecast for March 24, 2025

Last Friday, EUR/USD pierced the 23.6% Fibonacci retracement level with a lower shadow and then sharply reversed to the upside, continuing to rise into Monday morning. The Marlin oscillator appears

Laurie Bailey 04:20 2025-03-24 UTC+2

GBP/USD Forecast for March 24, 2025

By Monday morning, the British pound had turned upward without reaching the target range of 1.2816/47, and the Marlin oscillator had also reversed to the upside without reaching the boundary

Laurie Bailey 04:20 2025-03-24 UTC+2

USD/JPY Forecast for March 24, 2025

On Friday, the USD/JPY pair followed an alternative scenario. A price reversal occurred at the very last moment — just before the Marlin oscillator entered the downtrend territory. The price

Laurie Bailey 04:20 2025-03-24 UTC+2

Trading Signals for EUR/USD for March 21-24, 2025: buy above 1.0810 (+1/8Murray - rebound)

Our medium-term forecast remains bearish. So, any technical rebound will be seen as a signal to sell with a medium-term target at about 1.0361, the level where the instrument left

Dimitrios Zappas 13:22 2025-03-21 UTC+2

Trading Signals for GOLD (XAU/USD) for March 21-24, 2025: buy above $3,026 (7/8 Murray - 61.8%)

The Eagle indicator is reaching oversold levels. So, we believe that gold could resume its bullish cycle in the coming days. For this, we should expect consolidation above the psychological

Dimitrios Zappas 13:04 2025-03-21 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.