GBP/JPY
Potential Sell? 📉
1️⃣ Strong Resistance Rejection & Bearish Indicators
GBP/JPY is facing strong rejection from the key resistance zone at 194.800-194.300, where sellers have historically shown strong interest.
MACD Bearish Crossover suggests increasing downside momentum.
RSI Pullback from Overbought indicates reduced buying pressure and a possible reversal.
2️⃣ UK Economic Uncertainty
UK GDP growth is forecasted to stagnate at 0.2% in Q2 2025, signaling a sluggish economy.
Inflation remains stubbornly high, increasing pressure on the Bank of England (BoE) to maintain restrictive monetary policies.
Consumer confidence is weakening, adding further weight to bearish sentiment for GBP.
3️⃣ Technical Setup Aligns with the Short Trade
Key Resistance Holding: 193.100-192.050 area remains a formidable barrier.
Bearish Divergence on MACD and RSI indicates weakening bullish momentum.
Entry: 194.421
Target: 193.100
SL: 195.500
Potential Sell? 📉
1️⃣ Strong Resistance Rejection & Bearish Indicators
GBP/JPY is facing strong rejection from the key resistance zone at 194.800-194.300, where sellers have historically shown strong interest.
MACD Bearish Crossover suggests increasing downside momentum.
RSI Pullback from Overbought indicates reduced buying pressure and a possible reversal.
2️⃣ UK Economic Uncertainty
UK GDP growth is forecasted to stagnate at 0.2% in Q2 2025, signaling a sluggish economy.
Inflation remains stubbornly high, increasing pressure on the Bank of England (BoE) to maintain restrictive monetary policies.
Consumer confidence is weakening, adding further weight to bearish sentiment for GBP.
3️⃣ Technical Setup Aligns with the Short Trade
Key Resistance Holding: 193.100-192.050 area remains a formidable barrier.
Bearish Divergence on MACD and RSI indicates weakening bullish momentum.
Entry: 194.421
Target: 193.100
SL: 195.500
Trade closed: target reached
Join my Telegram community for Forex trading insights, real-time news, educational content and friendly support. Let's grow and succeed together! -
t.me/Capital55DG
t.me/Capital55DG
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.
Join my Telegram community for Forex trading insights, real-time news, educational content and friendly support. Let's grow and succeed together! -
t.me/Capital55DG
t.me/Capital55DG
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.