GBP/JPY 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE
This is a GBP/JPY 1-hour chart from TradingView, showing price action analysis. Here’s what it suggests:
The red highlighted zone represents a support area around 188.000.
The black arrows indicate a potential bullish reversal from this support, suggesting a bounce and a move toward higher levels.
The purple lightning icon may indicate a key support level or an area of high interest (potential demand zone).
This analysis implies that if price respects the support zone, a bullish move could follow. However, if it breaks below, further downside could be expected.
The red highlighted zone represents a support area around 188.000.
The black arrows indicate a potential bullish reversal from this support, suggesting a bounce and a move toward higher levels.
The purple lightning icon may indicate a key support level or an area of high interest (potential demand zone).
This analysis implies that if price respects the support zone, a bullish move could follow. However, if it breaks below, further downside could be expected.
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.