GBP/JPY 1 Hour short analysis

147
may be wait for some areas with effect strong sell pressure build consolidation
To analyze the provided GBP/JPY chart, look at several key aspects

Trend Analysis: Identify the overall trend direction. Notice if the price is making higher highs and higher lows (bullish) or lower highs and lower lows (bearish).
Support and Resistance Levels: Look for horizontal lines in the chart indicating key levels where the price has previously bounced or faced rejection. This can help predict potential reversal points.
Fibonacci Retracement: If Fibonacci levels are indicated, they can provide insight into potential reversal points during retracements.
Price Patterns: Look for common patterns like head and shoulders, triangles, or flags that may indicate future price movements.
Volume Analysis: If volume is present on the chart, it’s useful to assess whether it supports the move (increasing volume during a breakout suggests strength).
confirmation of trends or reversals.

Always combine different aspects of technical analysis for a more comprehensive view, while also considering fundamental factors that may affect GBP/JPY.
Trade closed: target reached
what a perfect chart analysis and entry setup goes to achieved target congratulation guys our setup is has been achieved successfully

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