GBPJPY BEST INTRADAY SETUP
This analysis focuses on the GBP/JPY 1-hour chart, highlighting key supply and demand zones.
Resistance Zone (191.600 - 192.000): If price retraces to this level, a rejection could lead to a further drop.
Support Zone (190.200 - 190.400): Price is currently reacting to this area. A break below could trigger a deeper move.
Major Demand Zone (189.500 - 189.700): If the current support fails, price may head toward this strong demand area, potentially providing a long opportunity.
Possible Scenarios:
Bullish Case: If price holds above 190.400 and breaks the 191.600 resistance, we could see an upward push.
Bearish Case: A rejection from 191.600 or a break below 190.200 may lead to a drop toward 189.600.
Stay cautious and watch price action confirmations before entering trades! 🚀
Resistance Zone (191.600 - 192.000): If price retraces to this level, a rejection could lead to a further drop.
Support Zone (190.200 - 190.400): Price is currently reacting to this area. A break below could trigger a deeper move.
Major Demand Zone (189.500 - 189.700): If the current support fails, price may head toward this strong demand area, potentially providing a long opportunity.
Possible Scenarios:
Bullish Case: If price holds above 190.400 and breaks the 191.600 resistance, we could see an upward push.
Bearish Case: A rejection from 191.600 or a break below 190.200 may lead to a drop toward 189.600.
Stay cautious and watch price action confirmations before entering trades! 🚀
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.
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.