GBPJPY is showing signs of bearish momentum, indicating a potential short opportunity. The price is facing strong resistance and struggling to break higher, suggesting a possible reversal.
If sellers take control, we could see a move downward toward key support zones. Confirmation signals such as bearish candlestick patterns or a breakdown of structure will strengthen the sell setup.
Traders should stay alert, wait for a proper entry, and manage risk wisely. The next move could be a profitable short trade! 📉🔥
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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.