Price has once again respected the 198.70 support zone, rejecting further downside.
Support: 198.70 – 198.80
Resistance: 200.00 – 200.20
Structure: Lower-highs but strong support defense
Bias: Bullish short-term reversal
📊 Idea: Long from support with SL below 198.70, TP near 200.20.
If support breaks, downside momentum could accelerate – so risk management is key.
#GBPJPY #Forex #TradingView #PriceAction #SupportResistance
Support: 198.70 – 198.80
Resistance: 200.00 – 200.20
Structure: Lower-highs but strong support defense
Bias: Bullish short-term reversal
📊 Idea: Long from support with SL below 198.70, TP near 200.20.
If support breaks, downside momentum could accelerate – so risk management is key.
#GBPJPY #Forex #TradingView #PriceAction #SupportResistance
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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.