British Pound / Japanese Yen
Short
Updated

GBP/JPY (British Pound / Japanese Yen) trade setup.

117
This chart shows a GBP/JPY (British Pound / Japanese Yen) trade setup on the 30-minute timeframe.

Trade Setup Type:
🔻 Sell (Short) Setup

Chart Analysis:
Entry Zone:
Between approximately 195.97 – 196.11, where the price is expected to enter before dropping. This zone is marked.

Stop Loss (SL):
Above the entry zone at 197.010 – if price goes above this level, the trade is considered invalid.

Take Profit (TP) Levels:

🎯 Target 1: 195.075

🎯 Target 2: 193.931

🎯 Final Target: 192.996

Market Context:
Price is currently near the entry zone and showing signs of rejection.

If the price respects resistance at the entry zone, it may move downward to hit the profit targets.
Trade active
snapshot
trade active now.

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