GBP/JPY 1-Hour Chart Analysis: Bearish Rejection at 200 EMA!

Feb 21

📊 GBP/JPY 1-Hour Chart Analysis 📉

1️⃣ Trend & Key Levels:

📌 Price is testing the 200 EMA (190.674), acting as resistance.

🔻 Recent price action shows a rejection at this level, suggesting bearish pressure.


2️⃣ Trade Setup (Possible Short Position) 💰:

Entry: Around 190.354 - 190.674 📍

Stop-Loss: Above 190.972 🚫

Take-Profit Target: Around 188.685 ✅


3️⃣ RSI Indicator (Momentum Check) 📉:

📊 RSI at 52.47 → Neutral, slightly bullish.

🔥 55.93 level shows price was overbought recently but is cooling down.


✅ Conclusion:

🔴 If price stays below 190.674, expect a drop toward 188.685.
🟢 If price breaks above 190.972, bullish momentum could continue.

Feb 21

Trade active

Feb 21

Trade closed: target reached

📢 GBP/JPY Trade Hit Successfully! 🎯🔥

The short position played out just as expected! The price respected the 200 EMA and showed rejection at the resistance zone before dropping into profit. 📉✅

Key Highlights:
🔹 Entry: Near 190.600
🔹 Target: Price moved towards 188.685
🔹 RSI Confirmation: Bearish divergence helped confirm the move

This is a great example of patience and technical precision paying off! Who caught this move with me? 🚀💰

#GBPJPY #ForexTrading #TechnicalAnalysis #PriceAction #TradingWins 🎯📊