GBPJPY

Buying GBP/JPY now at 193.157 provides a well-reasoned entry with multiple technical and fundamental factors in support. The upward targets (193.5, 194.0, 194.5) are realistic, and the stop loss at 192.000 is well-placed to manage risk. This setup offers a clear, high-probability opportunity in the forex market.

Excellent Risk-to-Reward Ratio
With entry at 193.157, stop loss at 192.000, and a third target at 194.500, the potential reward significantly outweighs the risk.

Price Action Suggests Continued Upside
The pair is trading above key moving averages (e.g., 50 and 200 SMA), showing sustained buyer interest and momentum.

Volume Supports the Move
Recent volume spikes during upward moves suggest strong institutional buying, a bullish confirmation.

No Major Resistance Until 194.50
Technical analysis shows limited resistance zones between the current level and 194.500, leaving room for upward continuation.

Trade active

The GBP/JPY currency pair has reached all of its target levels.

It successfully hit the 195.00 mark.

Prior to that, it reached the 194.00 level.

The 194.50 target was also achieved.

Overall, all forecasted price points were met.

Trade closed: target reached

all target point achived

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Ali_Explorer

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