GBPJPY is approaching a robust support zone, marked by bullish reversals and stronger buyer interest. The recent bearish pressure has brought the price into this critical area again, creating a potential buying opportunity.If we get bullish confirmation, I anticipate a move toward 191,350. However, a breach of this support could invalidate the bullish outlook and lead to further drop.
Carefully assess price action at this level and ensure proper risk management before taking positions. What’s your opinion on this setup? Share your ideas or feedback in the comments below!
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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.