Support Level: Around 191.000
Resistance Area: Near 194.000
Expected Movement: The chart suggests a potential bullish breakout, with price likely to retest the support zone before continuing towards the 194.000 resistance level.
Trading Strategy:
Bullish Scenario: If GBP/JPY sustains above support, a move toward 194.000 is likely.
Bearish Scenario: A break below 191.000 could invalidate the bullish setup and lead to a reversal.
Resistance Area: Near 194.000
Expected Movement: The chart suggests a potential bullish breakout, with price likely to retest the support zone before continuing towards the 194.000 resistance level.
Trading Strategy:
Bullish Scenario: If GBP/JPY sustains above support, a move toward 194.000 is likely.
Bearish Scenario: A break below 191.000 could invalidate the bullish setup and lead to a reversal.
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.