GBPJPY Buy Zone Locked 195.000 in Sight
The GBP/JPY chart shows a bullish opportunity as the price approaches a key demand zone around 193.400.
This area has acted as a significant support level, and rejection here could signal the continuation of the broader uptrend.
With a clear target at the psychological resistance of 195.000, the setup aligns with a bullish market structure. Traders should watch for confirmation through bullish price action within the demand zone, such as rejection wicks or higher lows.
A clean bounce from this level offers a high-probability trade, with stops just below the zone to maintain a favorable risk-to-reward ratio.
This area has acted as a significant support level, and rejection here could signal the continuation of the broader uptrend.
With a clear target at the psychological resistance of 195.000, the setup aligns with a bullish market structure. Traders should watch for confirmation through bullish price action within the demand zone, such as rejection wicks or higher lows.
A clean bounce from this level offers a high-probability trade, with stops just below the zone to maintain a favorable risk-to-reward ratio.
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