GBP/JPY is currently testing a key support level, where I anticipate a potential reversal. The stop-loss is placed at 193.35, strategically positioned just below the support zone to minimize risk. The take-profit target is set at the previous resistance area of 197.20, aligning with historical price action. This setup offers a favorable risk-to-reward ratio, risking 158 pips to gain 226 pips, making it a strong opportunity for calculated risk-taking
Our last forecast on this pair
https://www.tradingview.com/chart/GBPJPY/HzFogPn9-GBPJPY-possible-short-position-swing/
Our last forecast on this pair
https://www.tradingview.com/chart/GBPJPY/HzFogPn9-GBPJPY-possible-short-position-swing/
Note
Horrible GBP numbers
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t.me/+pknBOliLTkI1Mjk5
Contact me
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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.
My free signals
t.me/+pknBOliLTkI1Mjk5
Contact me
t.me/Eleazarahmath
Twitter
x.com/Elitepipmaster
t.me/+pknBOliLTkI1Mjk5
Contact me
t.me/Eleazarahmath
x.com/Elitepipmaster
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.