Expected movement of GBPJPY for both up and down Trends within next 4 hours, red lines consider as resistance and price may fall from it, but any break to resistance and retest it, will change the resistance to support and goes to upper line. and same formula for green lines as it is the support unless were broken and retest it, will be change to low trend.,# Expected Movement of GBPJPY in the Short Term
## Key Points
– **Resistance Levels**: The analysis identifies specific red lines as resistance points where price may face rejection, leading to a downward movement.
– **Breakout Potential**: A successful break above the red resistance lines followed by a retest could indicate a shift in trend, converting resistance into support and paving the way for upward movement towards the upper resistance level.
– **Support Levels**: Green lines represent support levels, where price typically bounces back unless these levels are breached. A break below a green support line followed by a retest could signal a change to a bearish trend.
– **Volatility Prediction**: Market volatility in GBPJPY is expected over the next 4 hours, driven by potential fluctuations around identified resistance and support levels.
### Closing Thoughts
The GBPJPY currency pair exhibits a potentially volatile trading environment in the next few hours, characterized by significant resistance and support levels. Traders should prepare for movement around these critical points, especially as the pair approaches the red resistance lines. A break above could foster a bullish trend, while failure to break could lead to further downside. Given the current market dynamics, monitoring these levels closely is crucial for informed trading decisions.
Disclaimer. The opinions expressed by our writers are their own and do not represent the views of JustInvestNews . The financial and market information provided on JustInvestNews is intended for informational purposes only. JustInvestNews is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Original article: https://www.tradingview.com/chart/GBPJPY/0wPhXC0D-GBP-JPY-4-HOURS-MOVEMENT/
