Currently, GBP/JPY is in a bearish trend, forming lower highs and lower lows, while taking support at a major support level.
If the pair reverses from this level without breaking the previous low of 186.22, and then gives a breakout above 189.756, we will consider taking a long position.
Our stop-loss will be placed at 185.794, with targets set at 192.824 and 194.824.
If the pair reverses from this level without breaking the previous low of 186.22, and then gives a breakout above 189.756, we will consider taking a long position.
Our stop-loss will be placed at 185.794, with targets set at 192.824 and 194.824.
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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.