(GBP | JPY) Forex Trading Analysis Today Forex Forecast | Sep 24, 2024 | GBPJPY Analysis

Forex Trading Analysis

Hello Guys today is Tuesday, September 24th 2024 I am going to analyze the GBPJPY currency pair let us start the top-to-bottom elite wave analysis inside the daily time frame the trend is down in pound gen per Daily time frame resistance is present at 208.9 price level price action is most likely going to rise to print bullish wave B pull back and then drop to print bearish wave C zigzag corrective leg and coming trading days decisive bullish breakout above 208.9 resistance area is going to end down Trend in Daily chart of GBPJPY currency pair

At 4Hour time frame price section is printing higher swing highs and higher swing lows to me GBP JPY pair Trend looks up in 4hour time frame

At 1 hour time frame the trend is up in 1-hour chart intraday support is present at 186.71 price level price action is most likely going to drop to print bearish wave four pullbacks and then rise to print bullish W five impulse leg which offers a chance to join an uptrend in GP gen pair a decisive bearish break below 186.65 support level is going to end uptrend in 1 hour chart of Great British pound versus Japanese yen currency Pair

More specific the green color highlighted area offers a buying opportunity which is the previous fourth five one lesser