GBP/JPY is currently testing an ascending trendline around the 194.30 – 193.95 area. Price action suggests potential for a bullish bounce if the support holds.
Upside targets include 194.850 and 195.304, provided that the structure remains intact.
However, a confirmed break below 193.955 would invalidate the bullish scenario and potentially trigger further downside.
🔹 Support: 193.955
🔹 Resistance 1: 194.850
🔹 Resistance 2: 195.304
🔹 Structure: Trendline bounce
🔹 Timeframe: 1H
🔹 Bias: Bullish as long as 193.95 holds
This is a technical idea only – not financial advice.
Upside targets include 194.850 and 195.304, provided that the structure remains intact.
However, a confirmed break below 193.955 would invalidate the bullish scenario and potentially trigger further downside.
🔹 Support: 193.955
🔹 Resistance 1: 194.850
🔹 Resistance 2: 195.304
🔹 Structure: Trendline bounce
🔹 Timeframe: 1H
🔹 Bias: Bullish as long as 193.95 holds
This is a technical idea only – not financial advice.
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.
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.