GBP/JPY 1H Technical Analysis - Key Levels
Price action shows clear resistance zones marked by Lift indicators at 0.28, 0.08, and 0.06 levels. The market appears slightly overbought with Lift readings of 0.01 to 0.05, suggesting potential for pullback or consolidation.
Key observations:
- Resistance cluster between 0.06-0.28 may cap upside moves
- Overbought conditions warrant caution for longs
- Monitor Lift indicator for trend continuation signals
Trading approach:
Consider short opportunities near resistance with stops above 0.28, or wait for pullback to support for long entries if momentum sustains.
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Price action shows clear resistance zones marked by Lift indicators at 0.28, 0.08, and 0.06 levels. The market appears slightly overbought with Lift readings of 0.01 to 0.05, suggesting potential for pullback or consolidation.
Key observations:
- Resistance cluster between 0.06-0.28 may cap upside moves
- Overbought conditions warrant caution for longs
- Monitor Lift indicator for trend continuation signals
Trading approach:
Consider short opportunities near resistance with stops above 0.28, or wait for pullback to support for long entries if momentum sustains.
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Trade active
still consolidating...
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.