GBP/JPY Sell Trade Setup – Technical Analysis
🔽 Entry Zone: 195.890 – 196.000
🔒 Stop Loss: 196.700 (Above recent resistance zone)
🎯 Target Levels:
195.00 – First Target (Minor support area)
194.00 – Second Target (Key price reaction zone)
193.00 – Final Target (Major support and potential bounce area)
GBP/JPY is showing signs of weakness near the psychological resistance around 196.00, with bearish price action suggesting a potential reversal. This level coincides with previous highs and a supply zone where sellers have previously stepped in.
A breakdown below 195.800 could confirm short-term bearish continuation, targeting deeper levels as momentum builds to the downside. The setup offers a favorable risk-to-reward ratio, with tight risk control above the resistance zone.
🔽 Entry Zone: 195.890 – 196.000
🔒 Stop Loss: 196.700 (Above recent resistance zone)
🎯 Target Levels:
195.00 – First Target (Minor support area)
194.00 – Second Target (Key price reaction zone)
193.00 – Final Target (Major support and potential bounce area)
GBP/JPY is showing signs of weakness near the psychological resistance around 196.00, with bearish price action suggesting a potential reversal. This level coincides with previous highs and a supply zone where sellers have previously stepped in.
A breakdown below 195.800 could confirm short-term bearish continuation, targeting deeper levels as momentum builds to the downside. The setup offers a favorable risk-to-reward ratio, with tight risk control above the resistance zone.
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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.
✅FREE FREE FREE XAUUSD/BTCUSD SIGNALS ALWAYS FREEEEE.
t.me/+q1vYSTtzJeExZWE0
✅JOIN MY TELEGRAM FAST:❤️
☑️ JOIN NOW t.me/iforexco
✅BEST BROKER LINK: (EXNESS)
one.exnesstrack.net/a/zzz57mij30
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.