GBP/JPY is showing signs of exhaustion at a key resistance zone (196.600–197.000).**
If bearish confirmation appears, a short opportunity may emerge targeting 194.000–194.500, which is a strong demand area. Watch closely for bearish price action and structure breaks to confirm your setup. Protect your position with a stop above 197.000 if you take the short.
If bearish confirmation appears, a short opportunity may emerge targeting 194.000–194.500, which is a strong demand area. Watch closely for bearish price action and structure breaks to confirm your setup. Protect your position with a stop above 197.000 if you take the short.
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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.