GBPJPY 4H Chart Analysis
GBPJPY is exhibiting strong bullish structure on the 4H timeframe, with price currently forming higher lows and holding above a key ascending trendline. The marked demand zone around 189.94 has acted as a support area, suggesting potential accumulation before the next leg up.
A bullish continuation is anticipated with three structured targets aligned at:
Target 1: 191.773
Target 2: 193.320
Target 3: 194.832
The setup provides a favorable risk to reward scenario. A break and close below the demand zone and ascending trendline support would invalidate this bias. This is a higher time frame key levels. When price enters in our zone, look for confirmation in smaller time frame before executing your trades. Confirmation is key.
This just my analysis. Use proper stoploss and proper money management for your trade.
#GBPJPY 4H Technical Analysis Expected Move.
GBPJPY is exhibiting strong bullish structure on the 4H timeframe, with price currently forming higher lows and holding above a key ascending trendline. The marked demand zone around 189.94 has acted as a support area, suggesting potential accumulation before the next leg up.
A bullish continuation is anticipated with three structured targets aligned at:
Target 1: 191.773
Target 2: 193.320
Target 3: 194.832
The setup provides a favorable risk to reward scenario. A break and close below the demand zone and ascending trendline support would invalidate this bias. This is a higher time frame key levels. When price enters in our zone, look for confirmation in smaller time frame before executing your trades. Confirmation is key.
This just my analysis. Use proper stoploss and proper money management for your trade.
#GBPJPY 4H Technical Analysis Expected Move.
Trade active
Trade Active.#Perfect Analysis.
Price touch our entry level, and move according to our expectation.
Note
Trade Active.Trade closed: target reached
Trade Close Target Reached.Our trade is closed. Target reached.
Note
Trade Close Target Reached.
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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.
Related publications
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.