GBP/JPY Analysis - H1 Prediction for 06/02/2025
*GBP/JPY Analysis - H1 Prediction for 06/02/2025*
📉 **Bearish Bias with Possible Retracement**
🔹 **Current Price:** **190.182**
🔹 **Key Resistance Levels:**
- **191.002 - 191.141** (FVG & 0.618 Fib)
- **191.633 - 191.839** (Liquidity & FVG Zone)
🔹 **Market Outlook:**
- **Price may retrace towards 191.002 - 191.141 before potential rejection.**
- **Failure to break above 191.839 keeps the bearish bias valid.**
- **A clean break above 192.471 shifts momentum bullish.**
🔹 **Trade Setup:**
✅ **Sell Zone:** **191.002 - 191.141** (Watch for rejection signals)
✅ **Target:** **190.000 and below**
✅ **Invalidation:** **Sustained breakout above 191.839**
#GBPJPY #ForexAnalysis #SmartMoneyConcepts #PriceAction #FVG #ForexTrader
📉 **Bearish Bias with Possible Retracement**
🔹 **Current Price:** **190.182**
🔹 **Key Resistance Levels:**
- **191.002 - 191.141** (FVG & 0.618 Fib)
- **191.633 - 191.839** (Liquidity & FVG Zone)
🔹 **Market Outlook:**
- **Price may retrace towards 191.002 - 191.141 before potential rejection.**
- **Failure to break above 191.839 keeps the bearish bias valid.**
- **A clean break above 192.471 shifts momentum bullish.**
🔹 **Trade Setup:**
✅ **Sell Zone:** **191.002 - 191.141** (Watch for rejection signals)
✅ **Target:** **190.000 and below**
✅ **Invalidation:** **Sustained breakout above 191.839**
#GBPJPY #ForexAnalysis #SmartMoneyConcepts #PriceAction #FVG #ForexTrader
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fxforever
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.