{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/gbp-jpy-attracting-more-bullish-energy\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/gbp-jpy-attracting-more-bullish-energy\/","headline":"GBP\/JPY Attracting More Bullish Energy!","name":"GBP\/JPY Attracting More Bullish Energy!","description":"GBP\/JPY moves somehow sideways in the short term. The price action signaled that the downwards movement could be over, so personally, I\u2019m looking for new long opportunities. It\u2019s traded at 152.67 level at the moment of writing. The pressure remains high as the Japanese Yen Futures tries to rebound and also because the British Pound […]","datePublished":"2021-11-13","dateModified":"2021-11-13","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\/11\/GBPJPY_2021-11-12_17-12-51.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/11\/GBPJPY_2021-11-12_17-12-51.png","height":868,"width":1834},"url":"https:\/\/forexschoolonline.com\/gbp-jpy-attracting-more-bullish-energy\/","about":["GBP\/JPY"],"wordCount":175,"keywords":["British Pound","GBP\/JPY","Trade Setups"],"articleBody":"GBP\/JPY moves somehow sideways in the short term. The price action signaled that the downwards movement could be over, so personally, I\u2019m looking for new long opportunities. It\u2019s traded at 152.67 level at the moment of writing.The pressure remains high as the Japanese Yen Futures tries to rebound and also because the British Pound was punished by some UK economic data in yesterday\u2019s trading session.GBP\/JPY Technical Analysis!Technically, the price stands above the 61.8% retracement level\u00a0 which represents a downside obstacle. It\u2019s trapped between 152.85 and 152.37 levels. An upside breakout from this range could signal a new leg higher.On the other hand, dropping and stabilizing under the 61.8% retracement level, making a new lower low could signal a larger downside movement. After escaping from the descending pitchfork\u2019s body, a new higher high could bring good long opportunities. 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."}