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Piyasa Stablecoin

GJ climbed to 219.614 then retraced

GJ climbed to 219.614 then retraced

GBP/JPY OANDA:GBPJPY

Sun2Aug26 19:50EST FullMarketAnalysis (FMA)
GJ climbed to 219.614 then retraced on the daily. Its lower limit is 210.460, and upper limit is 219.614. Will the GJ market climb to ridiculous highs at 221.316 or will it timber and fall below 210.460-207.238? We'll see!

Next move: Watch for violation of daily protected levels 210.460 and 219.614.
1. 210.460 violation = price may bear to daily target levels (209.856, 209.316, 207.667)
2. 219.614 violation = price may bull to daily target level (221.316)
3. Market should not violate the monthly's 215.887. 215.887 violation = all-time highs and market may climb as high as 217.353 & 221.316. NB: 215.887 was tested in April2026 and July2026 and was not violated on both tries. This price level was not to be achieved; however, it was, hence it being tested = month end periodical checks at 17:00EST if it holds strong the monthly range's upper limit (215.887). Next checks on Mon31Aug, Wed30Sep, etc.

State: Bullish
Upper limit: 219.614
Lower limit: 210.460
Extension: Complete
Retracement: Active
Range: N/A
Other: N/A

GJ's retracement activity:
prev. ll (212.344) was violated and target level1 (216.394) is yet to be achieved. Now, Sun2Aug26 19:50EST, the 1 hour market is still in extension.

1H Range: bearish
upper limit = 216.334
lower limit = N/A
ul violation = target level1 (218.300), tl2 (219.390), tl3 (221.316)
ll violation = N/A

Extra info:
1. GJ is and peaked at 219.614. GJ's market is wild and slow, and it moved dangerously for 45 days long in Apr-Jul 2026, so careful observation is necessary.
2. GJ is with an active retracement. Its upper limit is 219.614, hence its aim to reach 228.775 is null and void until its upper limit is violated. Market range before 24Aprl26 = bullish. Current range as of 26Apr26 = bullish. Next range might very well be bearish, considering that 228.755 is the closest weekly target level, which is very expensive.
3. GJ's in April & July 2026. Keep watching to see if it will be tested and/or violated this month (Aug) & beyond.

Disclaimer: For educational purposes only. Not financial advice. Trading involves risk and may result in loss of capital. Past performance does not guarantee future results. This is not a solicitation to buy or sell any financial instrument. Trade at your own risk.

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