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GBPJPY Week Ahead Analysis 29th May - 2nd June


GBPJPY Weekly chart
GBPJPY Weekly chart

Weekly GBPJPY Chart

Bullish market structure

Respecting previous lows and making new highs












Daily GBPJPY Chart


GBPJPY Daily chart
GBPJPY Daily chart

Fridays candle was strong bullish, clean range to next daily resistance @ 174.68

Daily candles during the week were retesting weekly resistance

Anticipating GJ forms resistance and then support before retesting highs and continuing up


  • No high impact news for GBP this week so expecting price to consolidate

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