GBP/JPY Weekly Breakdown
Here’s my detailed analysis for GBP/JPY to kick off the trading week:
📊 Key Levels to Watch:
Resistance: 191.50 - 192.00
Support: 190.50 - 190.00
🎯 Scenarios I'm Considering:
Bullish Case: A break above 191.50 could push the pair towards 192.00, aligning with the bullish momentum from previous sessions.
Bearish Case: A retracement towards the 50% - 61.8% Fibonacci levels (189.83 - 189.43) could open opportunities for a potential bounce.
💡 Stay prepared for both scenarios as the market develops. Patience and precision are key!
What’s your outlook for GBP/JPY this week? Let me know in the comments! 👇
#TradingAnalysis #GBPJPY #ForexTrading #MarketBreakdown #FibonacciLevels #PriceAction"
📊 Key Levels to Watch:
Resistance: 191.50 - 192.00
Support: 190.50 - 190.00
🎯 Scenarios I'm Considering:
Bullish Case: A break above 191.50 could push the pair towards 192.00, aligning with the bullish momentum from previous sessions.
Bearish Case: A retracement towards the 50% - 61.8% Fibonacci levels (189.83 - 189.43) could open opportunities for a potential bounce.
💡 Stay prepared for both scenarios as the market develops. Patience and precision are key!
What’s your outlook for GBP/JPY this week? Let me know in the comments! 👇
#TradingAnalysis #GBPJPY #ForexTrading #MarketBreakdown #FibonacciLevels #PriceAction"
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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.
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.