GBP/JPY Technical Analysis (4H Chart)
- Resistance Zone: The price is approaching the 192.000 - 193.000 resistance area (highlighted in red).
- Rejection Expected: If price fails to break above this level, a potential bearish reversal could follow.
- Target Area: Downside target around 187.079, aligning with previous support.
- Confirmation Needed: A strong rejection from resistance could provide a short-selling opportunity.
Conclusion:
Watch for price action near the resistance zone. A rejection could trigger a drop towards 187.079, while a breakout above 193.000 may invalidate this bearish outlook.
If you enjoy, press the like button.
- Resistance Zone: The price is approaching the 192.000 - 193.000 resistance area (highlighted in red).
- Rejection Expected: If price fails to break above this level, a potential bearish reversal could follow.
- Target Area: Downside target around 187.079, aligning with previous support.
- Confirmation Needed: A strong rejection from resistance could provide a short-selling opportunity.
Conclusion:
Watch for price action near the resistance zone. A rejection could trigger a drop towards 187.079, while a breakout above 193.000 may invalidate this bearish outlook.
If you enjoy, press the like button.
Trade active
Active your trades now.Trade closed: target reached
Target Achieved, 200 pips+ profit booked.
Related publications
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.
Related publications
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.