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British Pound / Japanese Yen
Short

GBPJPY - Look for Continuation Short (SWING) 1:4!

By S-Fx_
Updated
Price has consolidated and rejected the SBR Zone on the HTF, while also bouncing off the Weekly Support Level, showing potential to make a new high on the LTF. Before continuing upward, it needs to respect the DBD Supply Zone. The upward move is likely if the SBR is broken.

Let's see how the market reacts to this zone.

Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Trade active
SL hit. Let’s monitor the price action closely for any potential re-entry opportunity. Only proceed with a clear confirmation. I will counter trade if it breaks 187.407.

snapshot
Trade closed: stop reached
Counter-traded at 187.407, 193pips!

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GBPJPYgbpjpyanalysisgbpjpydailygbpjpyforecastgbpjpyideagbpjpysetupgbpjpyshortgbpjpytradegbpjpyviewSupply and DemandSupport and ResistanceTrend Analysis
S-Fx_
_S.Fx_

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