GBP/JPY formed a Rising Wedge on the 4 hour chart. Retest of support in sight.

A potential bullish movement on GBP/JPY
A Rising Wedge pattern was identified on GBP/JPY at 206.591, creating an expectation that it may move to the resistance line at 207.1126. It may break through that line and continue the bullish trend or it may reverse from that line.

Take your trading game to the next level with our comprehensive Autochartist subscription Options

Why Subscribe?

  • Access Exclusive Web Content: Gain unlimited access to our extensive Research Portal, Technical Analysis, Volatility Analysis, Event Impact Analysis, and more!
  • Receive Premium Email Content: Elevate your trading strategy with our comprehensive suite of email reports covering Forex, Crypto, Index, Futures, Stocks, and Correlating Alerts.
  • Utilize MetaTrader Tools: Seamlessly integrate Autochartist Market Scanner, Risk Calculator, and Volatility Analysis directly into your MetaTrader platform.
  • Explore Additional Features: Stay informed on-the-go with the Autochartist Mobile App, receive selected Telegram Alerts, and never miss a market event with our comprehensive calendar.

Upgrade Now and Take Control of Your Trading Journey!

Don’t settle for limited insights. Join our community of successful traders and unlock the full potential of Autochartist.

Click here to select an Autochartist Subscription Option

Got questions? Contact our support team for assistance.