📊 GBP/JPY 15M Analysis & Trade Setup – 21-01-2025
📈 Current Price: 193.374
🔴 Supply Zones (Resistance):
✔ 193.269 (Current resistance, waiting for confirmation)
✔ 194.603 (Higher resistance zone)
🟢 Demand Zones (Support):
✔ 192.198 (Potential support level)
📌 Market Outlook:
Price is testing the 193.269 supply zone.
Scenario 1: If price rejects this level, expect a drop towards 192.198 support.
Scenario 2: If price breaks above 193.269 and confirms, it may target 194.603 resistance.
⚡ Trade Setup:
🔻 Sell Setup: If rejection at 193.269
🎯 TP1: 192.198
🛑 SL: Above 193.500
🔼 Buy Setup: If breakout above 193.269 with retest
🎯 TP1: 194.603
🛑 SL: Below 193.000
#GBPJPY #ForexTrading #PriceAction #SmartMoney #TradingAnalysis 🚀📊
📈 Current Price: 193.374
🔴 Supply Zones (Resistance):
✔ 193.269 (Current resistance, waiting for confirmation)
✔ 194.603 (Higher resistance zone)
🟢 Demand Zones (Support):
✔ 192.198 (Potential support level)
📌 Market Outlook:
Price is testing the 193.269 supply zone.
Scenario 1: If price rejects this level, expect a drop towards 192.198 support.
Scenario 2: If price breaks above 193.269 and confirms, it may target 194.603 resistance.
⚡ Trade Setup:
🔻 Sell Setup: If rejection at 193.269
🎯 TP1: 192.198
🛑 SL: Above 193.500
🔼 Buy Setup: If breakout above 193.269 with retest
🎯 TP1: 194.603
🛑 SL: Below 193.000
#GBPJPY #ForexTrading #PriceAction #SmartMoney #TradingAnalysis 🚀📊
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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.
fxforever
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.