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GBPJPY Will b fly Tp1 196.100Tp2 198.000 SL 93.100 follow me for Latest updates on GBPJPY
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GBPJPY 📊 GBPJPY Weekly Analysis Based on Main Key Levels
Current Market Price (DCMP)
The Current Market Price (DCMP) for GBPJPY is 195.418.
Key Levels
Resistance (Above DCMP)
🛑 Resistance 1: 196.866
🛑 Resistance 2: 197.652
🛑 Resistance 3: 198.923
Support (Below DCMP)
✅ Support 1: 195.602
✅ Support 2: 196.480
✅ Support 3: 194.323
Swing Levels
📈 Swing High: 198.958
📉 Swing Low: 188.088
Summary of Analysis
The current market price of 195.418 indicates that the key resistance levels above this price are 196.866, 197.652, and 198.923, while the support levels below are 195.602, 196.480, and 194.323. The swing high stands at 198.958, and the swing low is at 188.088.
Suggested Trades
📈 Intraday Buy Trade
Entry Price: ✨ 195.602
Stop Loss: ❌ 194.323
Take Profit 1: 🎯 196.480
Take Profit 2: 🎯 196.866
Reason for Entry:
The price is nearing a key support level at 195.602, presenting a favorable buying opportunity based on technical analysis.
📉 Intraday Sell Trade
Entry Price: ✨ 196.480
Stop Loss: ❌ 197.652
Take Profit 1: 🎯 196.866
Take Profit 2: 🎯 198.923
Reason for Entry:
Resistance at 196.480 suggests a potential selling opportunity, with targets set below this level.
Conclusion
This analysis provides a concise overview of key levels and trade opportunities for GBPJPY. By monitoring these levels, traders can make informed decisions in the current market environment. Happy trading! 🚀
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GBPJPY 196,000 possible Target for now
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GBPJPY GBPJPY Intraday Trade Setups
Trade Idea: Buy Intraday Trade Setup
Entry Price: 194.323
Stop Loss: 193.800
Take Profit 1: 194.800
Take Profit 2: 195.200
Reason for Entry:
The entry price of 194.323 is near a strong daily support level, aligning with key Fibonacci retracement levels. This suggests a favorable buying opportunity, indicating potential upward momentum.
Trade Idea: Sell Intraday Trade Setup
Entry Price: 195.594
Stop Loss: 196.000
Take Profit 1: 195.200
Take Profit 2: 194.800
Reason for Entry:
The entry price of 195.594 is close to a significant daily resistance level, which coincides with Fibonacci retracement levels. Price action indicates a potential bearish reversal from this level.
Summary:
GBPJPY is trading at critical levels, with support around 194.323 and resistance at 195.594. The Buy Setup targets are set at 194.800 and 195.200, while the Sell Setup targets are at 195.200 and 194.800. These setups are based on daily Fibonacci retracement levels and strong support/resistance zones.