GBP/JPY Trade Setup: Short Position Analysis
This chart depicts the GBP/JPY currency pair on a 4-hour timeframe. It shows a downtrend with price action recently retracing upwards. The chart highlights a potential sell zone near 192.565, marked by a green resistance area, and a buy zone around 184.052, marked by a maroon support area. The current price is 190.314, with a trade setup indicating a short position targeting lower prices.
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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.