GBPJPY is showing strong technical structure with clear bullish price action forming off a key demand zone around 190.00.
Price respected the ascending trendline and horizontal support (blue zone), giving confluence for a potential move higher.
A break above the minor resistance near 192.80 would open the door for continuation toward 197.00+.
Key levels to watch:
• Support: 190.00 / 188.70
• Resistance: 192.80 / 194.20
A clean break and retest could provide further confirmation. Eyes on the next leg up if momentum holds.
#GBPJPY #ForexAnalysis #PriceAction #TechnicalAnalysis #SupportResistance #Trendline #TradingSetup
Price respected the ascending trendline and horizontal support (blue zone), giving confluence for a potential move higher.
A break above the minor resistance near 192.80 would open the door for continuation toward 197.00+.
Key levels to watch:
• Support: 190.00 / 188.70
• Resistance: 192.80 / 194.20
A clean break and retest could provide further confirmation. Eyes on the next leg up if momentum holds.
#GBPJPY #ForexAnalysis #PriceAction #TechnicalAnalysis #SupportResistance #Trendline #TradingSetup
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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.