GBP/JPY - 1H Analysis & Trade Setup
📉 GBP/JPY - 1H Analysis & Trade Setup
🔹 Market Structure & Key Levels:
✅ 193.027: Recent swing high, major resistance.
✅ 190.63 - 190.85: Fibonacci retracement zone (0.5-0.618), potential short entry.
✅ 187.510: Key downside target.
✅ 185.944: Next major support if bearish momentum continues.
📊 Trade Plan:
🔹 Price is in a clear downtrend after a Break of Structure (BOS).
🔹 Expect a pullback towards 190.63 - 190.85 (Fibonacci golden zone).
🔹 If rejection occurs in this zone, a sell setup targeting 187.510 is valid.
⚠ Confirmation Needed:
✅ Bearish rejection at 190.63 - 190.85.
✅ Bearish candlestick patterns (engulfing, pin bar, etc.).
✅ Confluence with supply zone & BOS.
#fxforever #GBPJPY #SmartMoney #PriceAction #LiquidityHunt #ForexTrading #SMC
🔹 Market Structure & Key Levels:
✅ 193.027: Recent swing high, major resistance.
✅ 190.63 - 190.85: Fibonacci retracement zone (0.5-0.618), potential short entry.
✅ 187.510: Key downside target.
✅ 185.944: Next major support if bearish momentum continues.
📊 Trade Plan:
🔹 Price is in a clear downtrend after a Break of Structure (BOS).
🔹 Expect a pullback towards 190.63 - 190.85 (Fibonacci golden zone).
🔹 If rejection occurs in this zone, a sell setup targeting 187.510 is valid.
⚠ Confirmation Needed:
✅ Bearish rejection at 190.63 - 190.85.
✅ Bearish candlestick patterns (engulfing, pin bar, etc.).
✅ Confluence with supply zone & BOS.
#fxforever #GBPJPY #SmartMoney #PriceAction #LiquidityHunt #ForexTrading #SMC
fxforever
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.
fxforever
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.