PropSignals

GBPJPY Bullish trend to continue

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FX:GBPJPY   Libra Esterlina/Iene Japonês
**Yearly Chart**

At the beginning of each year, I like to see the yearly candle and see how it closed in relation to the previous year candle.

Last year's candle closed bullish and higher than the previous year candle. After testing the low of year 2020 and found a bottom.

**Monthly Chart**

Although last month candle closed lower. The long-term trend is still bullish as per the monthly chart. The next target is around 190 - 195 area. The pair might slow down near the monthly manipulation candle of Aug 2015. However, if it breaks and makes a new high then we will continue looking for long opportunities at least to 215 level.

**Weekly chart**

Long-term bias as per the weekly chart still confirms a bullish move. But if the price were unable to sustain the move higher and breaks equal lows on weekly then we might anticipate the price to reverse and start moving lower. The price enter into short term range in July 2023 until the end of Nov 2023.

**Daily Chart**

I would like to see a continuation on a daily toward breaking the previous swing high and reaching 190 level. However, if the price does not sustain the move and start breaking the equal lows then I would anticipate the price to move lower at least to 175 level

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