“Trading involves a high risk to the invested capital. Understand all risks before investing”
CFI Palestine doesn’t deal with virtual assets or crypto currencies.
CFI Palestine is regulated by Palestine Capital Market Authority license number (PCMA/CFI/562776930)
GBPJPY, Time frame: 1DGBP/JPY continues to trade within a well-defined rectangle range, with support around 206.80-207.00 and resistance near 211.20. Since the sharp September decline, price has remained trapped between these levels as buyers and sellers battle for control.
211.20 Resistance Back in Focus
The pair is currently trading near 211.00, putting price just beneath the upper boundary of the range. Previous tests of this area have attracted sellers, making it the key level to watch in the near term.
Support
The lower boundary around 206.80-207.00 has repeatedly attracted buying interest and has prevented a deeper correction. As long as this support holds, the range remains the dominant market structure.
POC
The volume profile highlights a Point of Control near 215.11, representing the highest concentration of trading activity. A sustained break above range resistance could bring this higher-value area into focus.
RSI
The RSI has climbed to approximately 56.4, moving above the neutral 50 level and indicating improving momentum. However, the indicator remains below overbought territory, suggesting room for further upside if resistance is broken.
Disclaimer: The content published above has been prepared by CFI for informational purposes only and should not be considered as investment advice. Any view expressed does not constitute a personal recommendation or solicitation to buy or sell. The information provided does not have regard to the specific investment objectives, financial situation, and needs of any specific person who may receive it, and is not held out as independent investment research and may have been acted upon by persons connected with CFI. Market data is derived from independent sources believed to be reliable, however, CFI makes no guarantee of its accuracy or completeness, and accepts no responsibility for any consequence of its use by recipients.
-1793099778.webp)
-1792581360.webp)
-1791969153.webp)