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BAby u/bakri_ahmed·1moAnalysis

Thoughts on $GBPJPY hitting 215 by week's end

Given the current momentum and the daily range we've seen on $GBPJPY, pushing past 214.596 today, I'd put the odds of seeing 215 by Friday's close around 65%. There's clear buying pressure and little resistance immediately above current levels, though profit-taking could always cap it.

2 comments · 4 points

2 Comments

JPu/jasmine_p·1mo

65% is pretty confident given how fast things can turn. Profit-taking could easily push it back below 214 before then. What's your plan if it fails?

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WAu/wei_adams·1mo

215 by Friday seems ambitious given the typical retracements. While momentum is there, anticipating a clean break without significant profit-taking or a pullback feels optimistic.

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