GBP/JPY Trade Setup
Entry Point
Around 195.800, immediately after the confirmed resistance breakout (as seen on the chart).
Target Point
Projected near the 207.000 zone. This is derived based on the measured move from the breakout range, as indicated by the marked "TARGET POINT" on the chart.
Stop Loss
Below the breakout level, around 194.100, which is the nearest significant support zone.
This setup offers a favorable risk-to-reward ratio and could be ideal for swing traders looking for medium-term opportunities. Traders should also consider macroeconomic factors and news from both the UK and Japan that could impact this pair
Entry Point
Around 195.800, immediately after the confirmed resistance breakout (as seen on the chart).
Target Point
Projected near the 207.000 zone. This is derived based on the measured move from the breakout range, as indicated by the marked "TARGET POINT" on the chart.
Stop Loss
Below the breakout level, around 194.100, which is the nearest significant support zone.
This setup offers a favorable risk-to-reward ratio and could be ideal for swing traders looking for medium-term opportunities. Traders should also consider macroeconomic factors and news from both the UK and Japan that could impact this pair
t.me/Smart_Money_Flow_SMF
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
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.
t.me/Smart_Money_Flow_SMF
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
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.