SHORT GBPJPY!!!
Hey everyone!
I’m keeping a close eye on GBP/JPY right now. As you can see, the price has reached a key resistance zone (that upper blue box), where we’ve seen sellers step in before. I’m anticipating a possible reversal from this level, which is why I’ve drawn that curved arrow showing the potential drop.
If the price starts to decline, I’m targeting the lower support zone (the lower blue box) as a key area to watch for a bounce. It’s a solid spot where buyers might come in strong again.
The volume is also something I’m monitoring—higher activity around these zones could confirm the moves I’m expecting. Let’s see how it plays out!
Feel free to share your thoughts or ask any questions below!
I’m keeping a close eye on GBP/JPY right now. As you can see, the price has reached a key resistance zone (that upper blue box), where we’ve seen sellers step in before. I’m anticipating a possible reversal from this level, which is why I’ve drawn that curved arrow showing the potential drop.
If the price starts to decline, I’m targeting the lower support zone (the lower blue box) as a key area to watch for a bounce. It’s a solid spot where buyers might come in strong again.
The volume is also something I’m monitoring—higher activity around these zones could confirm the moves I’m expecting. Let’s see how it plays out!
Feel free to share your thoughts or ask any questions below!
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