📊 GBP/JPY – Breakout Imminent?
Price is testing key resistance at the top of the range within this ascending channel.
We’re now at a critical decision point:
📈 A clean breakout above this supply zone could send us flying toward the 198.945 target – aligning with the channel top.
📉 A rejection, however, could trigger a drop back into demand at 192.352, offering a solid buy zone for continuation.
🧠 Patience is key here — wait for confirmation. Either way, volatility is expected next. Be ready. 🚨
Price is testing key resistance at the top of the range within this ascending channel.
We’re now at a critical decision point:
📈 A clean breakout above this supply zone could send us flying toward the 198.945 target – aligning with the channel top.
📉 A rejection, however, could trigger a drop back into demand at 192.352, offering a solid buy zone for continuation.
🧠 Patience is key here — wait for confirmation. Either way, volatility is expected next. Be ready. 🚨
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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.