(GBP/JPY) Technical Analysis – April 3, 2025 📈
🔹 Current Price: 192.935
🔹 Timeframe: 15M
📌 Key Support Levels (Demand Zones):
🟢 192.500 – Major Support Zone
📌 Key Resistance Levels (Fair Value Gaps - FVGs & Supply Zones):
🔴 193.273 – First Target
🔴 194.588 – Major Resistance (Potential Target)
📈 Bullish Scenario:
GBP/JPY is forming a potential bullish structure.
A breakout above 193.273 could push prices toward 194.588.
📉 Bearish Scenario:
If GBP/JPY fails to hold above 192.500, a drop towards lower support levels could be expected.
⚡ Trading Tip:
✅ Wait for confirmation before entering long positions.
✅ Watch for rejection at resistance levels for potential reversals.
✅ Use proper risk management and set stop losses strategically.
#GBPJPY #Forex #TechnicalAnalysis #SmartMoney #PriceAction #Trading
🔹 Current Price: 192.935
🔹 Timeframe: 15M
📌 Key Support Levels (Demand Zones):
🟢 192.500 – Major Support Zone
📌 Key Resistance Levels (Fair Value Gaps - FVGs & Supply Zones):
🔴 193.273 – First Target
🔴 194.588 – Major Resistance (Potential Target)
📈 Bullish Scenario:
GBP/JPY is forming a potential bullish structure.
A breakout above 193.273 could push prices toward 194.588.
📉 Bearish Scenario:
If GBP/JPY fails to hold above 192.500, a drop towards lower support levels could be expected.
⚡ Trading Tip:
✅ Wait for confirmation before entering long positions.
✅ Watch for rejection at resistance levels for potential reversals.
✅ Use proper risk management and set stop losses strategically.
#GBPJPY #Forex #TechnicalAnalysis #SmartMoney #PriceAction #Trading
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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.
fxforever
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.