{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/gbp-jpy-attention-at-resistance-breakout\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/gbp-jpy-attention-at-resistance-breakout\/","headline":"GBP\/JPY Attention At Resistance Breakout!","name":"GBP\/JPY Attention At Resistance Breakout!","description":"GBP\/JPY is trading in the red at 151.06 at the moment of writing. It has found strong resistance and now it could slip lower. Actually, Nikkei\u2019s (Jp225) drop helped the Japanese Yen to rise versus its rivals. Technically, the bias is somehow bullish, GBP\/JPY could still increase after ending its current drop. It could test […]","datePublished":"2021-08-30","dateModified":"2021-08-30","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/#Person","name":"Olimpiu Tuns","url":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/","identifier":19876,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/08\/GBPJPY_2021-08-30_12-19-28.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/08\/GBPJPY_2021-08-30_12-19-28.png","height":868,"width":1834},"url":"https:\/\/forexschoolonline.com\/gbp-jpy-attention-at-resistance-breakout\/","about":["GBP\/JPY"],"wordCount":209,"keywords":["Forex","Forex Trading","GBP\/JPY","GBPJPY","trading signals"],"articleBody":"GBP\/JPY is trading in the red at 151.06 at the moment of writing. It has found strong resistance and now it could slip lower. Actually, Nikkei\u2019s (Jp225) drop helped the Japanese Yen to rise versus its rivals.Technically, the bias is somehow bullish, GBP\/JPY could still increase after ending its current drop. It could test and retest the immediate support levels before jumping higher again. JPY could increase a little in the short term as the Japanese Retail Sales have increased by 2.4% versus 2.1% expected and after 0.1% growth registered in the previous reporting period.GBP\/JPY Technical Analysis!GBP\/JPY failed to stabilize above the ascending pitchfork\u2019s median line (ML). A temporary drop is in cards as long as it stays below the median line. It could come back to test and retest the broken upper median line (uml).The bias is bullish as long as it stays above the weekly pivot point (150.63). A valid breakout through the median line (ML) could activate an upwards movement towards the ascending pitchfork\u2019s upper median line (UML). Note: ForexSchoolOnline is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}