📊 GBP/JPY - 1H Chart Analysis
🔹 Current Price: 192.168
🔹 Key Resistance Target: 192.987
🔹 Key Support Zones:
191.997 - 191.838 (Potential retracement zone)
Fibonacci retracement levels:
0.382 (191.925)
0.5 (191.7335)
0.618 (191.5430)
📈 Bullish Outlook:
✅ Price broke structure (BOS) and filled a fair value gap (FVG).
✅ A retest into the 191.997 - 191.838 area could provide a buying opportunity for a move towards 192.987.
📉 Bearish Risk:
🔻 If price fails to hold above 191.838, deeper retracement towards 191.543 - 191.271 is possible.
💡 Trading Plan:
🎯 Buy Setup: Wait for price reaction at 191.997 - 191.838 with bullish confirmation.
🎯 Take Profit: Target 192.987.
🎯 Stop Loss: Below 191.733 (Fibonacci 0.5 level).
#Fxforever #GBPJPY #ForexTrading #SmartMoney #TechnicalAnalysis #FVG #Liquidity #SwingTrading 🚀
🔹 Current Price: 192.168
🔹 Key Resistance Target: 192.987
🔹 Key Support Zones:
191.997 - 191.838 (Potential retracement zone)
Fibonacci retracement levels:
0.382 (191.925)
0.5 (191.7335)
0.618 (191.5430)
📈 Bullish Outlook:
✅ Price broke structure (BOS) and filled a fair value gap (FVG).
✅ A retest into the 191.997 - 191.838 area could provide a buying opportunity for a move towards 192.987.
📉 Bearish Risk:
🔻 If price fails to hold above 191.838, deeper retracement towards 191.543 - 191.271 is possible.
💡 Trading Plan:
🎯 Buy Setup: Wait for price reaction at 191.997 - 191.838 with bullish confirmation.
🎯 Take Profit: Target 192.987.
🎯 Stop Loss: Below 191.733 (Fibonacci 0.5 level).
#Fxforever #GBPJPY #ForexTrading #SmartMoney #TechnicalAnalysis #FVG #Liquidity #SwingTrading 🚀
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.
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.