GBPJPY IN SELL TREND AT 192.50
📉 GBPJPY Analysis: Double Top Pattern Signals Sell-Off
The GBPJPY pair has formed a Double Top pattern, a strong bearish signal indicating potential downside movement. Here's the technical breakdown:
🔄 Key Levels to Watch
Strong Selling Zone: 192.50
Technical Target: 189.00
📈 Resistance Zone
193.50: A key resistance level. If GBPJPY stays below this level, it will confirm bearish momentum.
📉 Support Zones
First Support: 190.70: The immediate zone to watch for reactions as the price trends lower.
Second Target Support: 189.00: This is the bearish target based on the Double Top pattern.
💡 Trading Insights
Scenario 1: A rejection at 192.50 or 193.50 resistance zones could trigger strong selling momentum toward 190.70 and eventually the 189.00 target.
Scenario 2: A pullback to 190.70 support could provide short-term consolidation before further downside.
The GBPJPY pair has formed a Double Top pattern, a strong bearish signal indicating potential downside movement. Here's the technical breakdown:
🔄 Key Levels to Watch
Strong Selling Zone: 192.50
Technical Target: 189.00
📈 Resistance Zone
193.50: A key resistance level. If GBPJPY stays below this level, it will confirm bearish momentum.
📉 Support Zones
First Support: 190.70: The immediate zone to watch for reactions as the price trends lower.
Second Target Support: 189.00: This is the bearish target based on the Double Top pattern.
💡 Trading Insights
Scenario 1: A rejection at 192.50 or 193.50 resistance zones could trigger strong selling momentum toward 190.70 and eventually the 189.00 target.
Scenario 2: A pullback to 190.70 support could provide short-term consolidation before further downside.
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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.
t.me/+Osj6ListXp8yNTE0
We Provide Daily 3-5 Calls On Different Pairs Like FOREX/ STOCKS /FUTRES/INDICES/
For Best Signals Join Us Now
t.me/+Osj6ListXp8yNTE0
We Provide Daily 3-5 Calls On Different Pairs Like FOREX/ STOCKS /FUTRES/INDICES/
For Best Signals Join Us Now
t.me/+Osj6ListXp8yNTE0
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.