**GBP/JPY 15-minute chart**
**Trade Analysis & Idea:**
📉 **Previous Downtrend**: The pair experienced a strong drop before finding support around **191.400**.
📈 **Current Recovery**: Price is now rebounding and trading above short-term moving averages (blue & red EMA).
🔄 **Resistance Zone**: The **192.000 - 192.200** area may act as resistance for further upside.
### **Potential Trade Setups:**
1️⃣ **Bullish Continuation**:
- If price **breaks & closes above 192.000**, we could see further upside towards **192.400 - 192.600**.
- A strong candle close above resistance would confirm bullish momentum.
2️⃣ **Rejection & Pullback**:
- If price struggles to hold above 192.000, a pullback toward **191.700 - 191.500** is possible.
- Look for **bearish candlestick patterns** (e.g., rejection wicks, engulfing candles) to confirm a short opportunity.
https://www.tradingview.com/x/Svk3DaVr/
### **Risk Management:**
✅ Secure partial profits at key levels.
✅ Use **tight stop-loss** below **191.700** for longs or above **192.200** for shorts.
**Trade Analysis & Idea:**
📉 **Previous Downtrend**: The pair experienced a strong drop before finding support around **191.400**.
📈 **Current Recovery**: Price is now rebounding and trading above short-term moving averages (blue & red EMA).
🔄 **Resistance Zone**: The **192.000 - 192.200** area may act as resistance for further upside.
### **Potential Trade Setups:**
1️⃣ **Bullish Continuation**:
- If price **breaks & closes above 192.000**, we could see further upside towards **192.400 - 192.600**.
- A strong candle close above resistance would confirm bullish momentum.
2️⃣ **Rejection & Pullback**:
- If price struggles to hold above 192.000, a pullback toward **191.700 - 191.500** is possible.
- Look for **bearish candlestick patterns** (e.g., rejection wicks, engulfing candles) to confirm a short opportunity.
https://www.tradingview.com/x/Svk3DaVr/
### **Risk Management:**
✅ Secure partial profits at key levels.
✅ Use **tight stop-loss** below **191.700** for longs or above **192.200** for shorts.
Trade active
Here's a breakdown of the update:# Trade Update: GBPJPY
*Congratulations! 🎉*
- *TP2 Hit*: 192.700 📈
- *Profit Secured*: 80 pips 💸
*Risk Management Options:*
1. *Secure Gains*: Lock in profits 💰
2. *Set Break-Even*: Move SL to break-even point 🛡️
*Next Steps:*
1. *Partially Close Position*: Close a portion of the trade 👋
2. *Set Break-Even SL*: Adjust stop-loss to break-even point 📊
3. *Continue to TP3*: Let the remaining position run to the next target (193.100) 📈
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.