#GBPJPY - H1 📣 Upon reviewing the 1-hour timeframe, the price has reached a support level, creating a potential for a price reversal. It is expected that with a breakout of the descending trend in the 182.35 range, we could witness price growth towards the 183.80 range. ⛔ Stop Loss: 181.10
I expect the price to move upwards towards the specified area, but I kindly request confirmation before taking any action. As for the second scenario, if the price closes below the 1.43100 range with a bearish candlestick on the 1-hour timeframe, I will wait for confirmation and entry on a lower timeframe.
📣 Based on the chart structure on the 1-hour timeframe, if the resistance level in the 1.0702 range is broken, it may present a buying opportunity with a target at 1.0750. ⛔ Stop Loss: 1.0670
If a bullish candle closes above the 1880 zone on the 1-hour timeframe, we can expect the price to move towards the 1910 area. However, if the price fails to break through the resistance zone, after a bearish candle closes below the 1869 level, it may be suitable to enter a short position with a target in the range of 1820 to 1830. Before entering any trade, it is...