GBP/JPY (British Pound / Japanese Yen) 4-hour analysis on OANDA, incorporating key technical levels:
Key Levels & Zones:
• Entry Zone: 189.198 - 189.241, acting as a potential buy area.
• Support Zone: 187.295 - 187.948, marked in red, indicating a strong support area.
• Resistance Levels:
• 190.374 (first target)
• 191.926 (second target)
• 193.052 (major resistance level)
Price Projection & Analysis:
• The price is currently testing the entry zone, suggesting a potential bounce from this level.
• If the price holds above 189.198, a bullish move towards 190.374 and beyond is expected.
• A break below 187.921 could lead to further downside towards 187.295 or lower.
Key Levels & Zones:
• Entry Zone: 189.198 - 189.241, acting as a potential buy area.
• Support Zone: 187.295 - 187.948, marked in red, indicating a strong support area.
• Resistance Levels:
• 190.374 (first target)
• 191.926 (second target)
• 193.052 (major resistance level)
Price Projection & Analysis:
• The price is currently testing the entry zone, suggesting a potential bounce from this level.
• If the price holds above 189.198, a bullish move towards 190.374 and beyond is expected.
• A break below 187.921 could lead to further downside towards 187.295 or lower.
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.
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.