SELL ANALYSIS ON GBPJPY
We can see GBPJPY reverse from a major resistance zone on the 4H timeframe. The resistance zone has been tested multiple times since December 2022. We are expecting it to reverse to the next support zone which is at 158. it has also been tested multiple times. If price breaks the support zone, then its expected to reach the next zone which is at 155. Also be aware that there is a zone at 160 in between the resistance zone and the next support zone. I used a thin horizontal line to mark it. price may react around there. Let us see how it plays out. Thank you.
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.