GBP/JPY is currently trading around 198.384, presenting a potential buy opportunity.
2. The immediate buy zone lies between 198.200 – 198.400, offering a favorable risk-reward entry.
3. First resistance is observed at 199.000, which could act as a near-term profit target.
4. A stronger resistance zone sits at 199.500, representing the next bullish hurdle.
5. A key breakout confirmation will be seen if price pushes above 199.800, signaling bullish continuation.
Place your stop-loss below 197.500, as a break below this level would invalidate the bullish setup.
7. The current setup suggests buyers are stepping in near 198.300, respecting the recent support base.
8. Momentum may build up toward 199.00+ if GBP remains strong or JPY weakens further.
9. Price consolidation above 198.50 would strengthen bullish conviction ahead of the breakout zone.
10. Overall, GBP/JPY remains bullish above 197.500, with upside potential toward 199.800 in the short term.
2. The immediate buy zone lies between 198.200 – 198.400, offering a favorable risk-reward entry.
3. First resistance is observed at 199.000, which could act as a near-term profit target.
4. A stronger resistance zone sits at 199.500, representing the next bullish hurdle.
5. A key breakout confirmation will be seen if price pushes above 199.800, signaling bullish continuation.
Place your stop-loss below 197.500, as a break below this level would invalidate the bullish setup.
7. The current setup suggests buyers are stepping in near 198.300, respecting the recent support base.
8. Momentum may build up toward 199.00+ if GBP remains strong or JPY weakens further.
9. Price consolidation above 198.50 would strengthen bullish conviction ahead of the breakout zone.
10. Overall, GBP/JPY remains bullish above 197.500, with upside potential toward 199.800 in the short term.
Note
its a range for adding laayers for upwards 
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