GBPJPY| BEARISH MOMENTUM
The price has shown a strong bullish move, surpassing 192.24 and approaching the upper boundary of the downtrend channel. This level represents a critical resistance area, where a potential rejection could lead to a decline. If the price struggles to break through this resistance, it is expected to reverse and fall below 192.24, with the next key level at 191.10. A continued decline may lead to further bearish movement toward lower support levels.
However, if the price breaks out of the downtrend channel and stabilizes above 194.62, it would confirm a shift toward a bullish trend. In this case, the market sentiment would favor further upward movement, invalidating the bearish outlook. The breakout scenario would indicate strong buying momentum, potentially leading to higher resistance levels.
Tendency Keys: 192,24
Resistance Line: 194,62, 196,45, 198,84
Support Line: 192,24, 191,10, 188,94.
However, if the price breaks out of the downtrend channel and stabilizes above 194.62, it would confirm a shift toward a bullish trend. In this case, the market sentiment would favor further upward movement, invalidating the bearish outlook. The breakout scenario would indicate strong buying momentum, potentially leading to higher resistance levels.
Tendency Keys: 192,24
Resistance Line: 194,62, 196,45, 198,84
Support Line: 192,24, 191,10, 188,94.
Trade active
The price continues its downward movement below 192.24, so we should wait for the next development.
Trade closed: target reached
The price will continue its bearish trend if it falls below 192.24, with a projected decline toward 191.10.
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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.
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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.