GBPJPY: Bullish Setup at Support Level
The GBPJPY pair is approaching a significant support zone which has historically acted as a strong demand area.
The overall context implies that buyers may take control at this level, leading to an upward move. I anticipate that if the price shows a clear rejection from the demand zone, the market may head higher toward the 193.266 level.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
The overall context implies that buyers may take control at this level, leading to an upward move. I anticipate that if the price shows a clear rejection from the demand zone, the market may head higher toward the 193.266 level.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
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Trade closed: target reached
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