Currently GBP/JPY buyers are looking exhausted as it starts to enter a key sell zone on the Daily and Lower time frames. Expecting price to give a discount at 194.000 and bring big buyers back in. First Take profit I anticipate is 194.750, followed by 194.500. If these levels are reached price should react off this key support and resistence area and push for a higher highs on the lower time frames.
Note
Move played out as anticipated, tps hit. Monitoring if price will bounce off off the 194.500 zone and resume buying
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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.