GBP/JPY - H1 Analysis & Prediction (07/02/2025)
GBP/JPY - H1 Analysis & Prediction (07/02/2025)
📉 Bearish Continuation Expected
🔹 Current Price: 188.362
🔹 Key Resistance Levels:
188.998 - 189.141 (Short-term resistance)
190.068 - 190.599 (Major resistance)
🔹 Key Support Levels:
187.694 (Break & retest zone)
186.922 (Next target)
186.488 (Major support)
🔹 Market Outlook:
Price is rejecting from resistance and forming a bearish structure.
A break below 187.694 could confirm further downside.
If price retraces towards 188.998 - 189.141, look for rejections to enter shorts.
🔹 Trade Setup:
✅ Sell Zone: 188.998 - 189.141
✅ Target: 186.922 - 186.488
✅ Invalidation: Above 190.068
#FXFOREVER #GBPJPY #ForexTrading #SmartMoneyConcepts #PriceAction #LiquidityZones
📉 Bearish Continuation Expected
🔹 Current Price: 188.362
🔹 Key Resistance Levels:
188.998 - 189.141 (Short-term resistance)
190.068 - 190.599 (Major resistance)
🔹 Key Support Levels:
187.694 (Break & retest zone)
186.922 (Next target)
186.488 (Major support)
🔹 Market Outlook:
Price is rejecting from resistance and forming a bearish structure.
A break below 187.694 could confirm further downside.
If price retraces towards 188.998 - 189.141, look for rejections to enter shorts.
🔹 Trade Setup:
✅ Sell Zone: 188.998 - 189.141
✅ Target: 186.922 - 186.488
✅ Invalidation: Above 190.068
#FXFOREVER #GBPJPY #ForexTrading #SmartMoneyConcepts #PriceAction #LiquidityZones
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fxforever
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.