GBPJPY potential buy, great risk to reward.
GBP/JPY is currently testing a key support level, where I anticipate a potential reversal. The stop-loss is placed at 193.35, strategically positioned just below the support zone to minimize risk. The take-profit target is set at the previous resistance area of 197.20, aligning with historical price action. This setup offers a favorable risk-to-reward ratio, risking 158 pips to gain 226 pips, making it a strong opportunity for calculated risk-taking
Our last forecast on this pair
https://www.tradingview.com/chart/GBPJPY/HzFogPn9-GBPJPY-possible-short-position-swing/
Our last forecast on this pair
https://www.tradingview.com/chart/GBPJPY/HzFogPn9-GBPJPY-possible-short-position-swing/
Note
Horrible GBP numbers
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t.me/+pknBOliLTkI1Mjk5
Contact me
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x.com/Elitepipmaster
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