Open: 195.170
High: 195.214
Low: 195.116
Close: 195.206
Change: +0.006 (-0.028%)
Daily Range: 10 pips (extremely tight, indicating consolidation).
Moving Averages
200-day DJA: 194.536
50-day DJA: 194.963
Price Position: Closed ABOVE BOTH 200-DMA and 50-DMA (bullish signal).
Critical Observations
Support Levels (Likely Typos)
Listed levels (e.g., 300.000, 400.000) are invalid for GBP/JPY (current price ~195).
Probable intended levels: 195.000–196.000 (aligns with recent price action).
Actionable Support: 195.000 (psychological level + recent low of 195.116).
Market Context
Consolidation Phase: Minimal volatility (10-pip range) suggests indecision.
Bullish Bias: Price holding above key DMAs signals underlying strength.
Resistance Target: 195.800–196.000 (next technical barrier).
Time Markers
Timestamps (06:00, 12:00, 18:00) likely denote London/New York session overlaps (high liquidity periods).
Trading Implications
Bullish Scenario:
Break above 195.214 (today’s high) targets 195.800.
Sustained close above 50-DMA (194.963) reinforces upside momentum.
Bearish Risk:
Breakdown below 195.000 invalidates bullish structure, targeting 194.536 (200-DMA).
Recommendations
Entry: Long near 195.050–195.100 (bounce off support).
Stop-Loss: Below 194.950 (protects against false breakout).
Take-Profit: 195.800 (first target), trailed to 196.000 if momentum holds.
Caution: Monitor JPY strength (BoJ interventions) and UK inflation data for catalysts.
High: 195.214
Low: 195.116
Close: 195.206
Change: +0.006 (-0.028%)
Daily Range: 10 pips (extremely tight, indicating consolidation).
Moving Averages
200-day DJA: 194.536
50-day DJA: 194.963
Price Position: Closed ABOVE BOTH 200-DMA and 50-DMA (bullish signal).
Critical Observations
Support Levels (Likely Typos)
Listed levels (e.g., 300.000, 400.000) are invalid for GBP/JPY (current price ~195).
Probable intended levels: 195.000–196.000 (aligns with recent price action).
Actionable Support: 195.000 (psychological level + recent low of 195.116).
Market Context
Consolidation Phase: Minimal volatility (10-pip range) suggests indecision.
Bullish Bias: Price holding above key DMAs signals underlying strength.
Resistance Target: 195.800–196.000 (next technical barrier).
Time Markers
Timestamps (06:00, 12:00, 18:00) likely denote London/New York session overlaps (high liquidity periods).
Trading Implications
Bullish Scenario:
Break above 195.214 (today’s high) targets 195.800.
Sustained close above 50-DMA (194.963) reinforces upside momentum.
Bearish Risk:
Breakdown below 195.000 invalidates bullish structure, targeting 194.536 (200-DMA).
Recommendations
Entry: Long near 195.050–195.100 (bounce off support).
Stop-Loss: Below 194.950 (protects against false breakout).
Take-Profit: 195.800 (first target), trailed to 196.000 if momentum holds.
Caution: Monitor JPY strength (BoJ interventions) and UK inflation data for catalysts.
Join My Official Channel Link
t.me/goldprotreader
Join My Public Channel Link
t.me/goldprotreader
t.me/goldprotreader
Join My Public Channel Link
t.me/goldprotreader
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.
Join My Official Channel Link
t.me/goldprotreader
Join My Public Channel Link
t.me/goldprotreader
t.me/goldprotreader
Join My Public Channel Link
t.me/goldprotreader
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.