SELL TREND in GBPJPY market (for more read captions)
📉 GBPJPY Price Forecast 📉
GBPJPY has broken out of the ascending channel with strong bearish candles, confirming a downtrend. The price has also broken a strong support level and is expected to retrace to 194.50, where an order block is present.
Once the retracement is complete, the pair is likely to resume its bearish move, targeting lower support levels.
🎯 Technical Target Levels:
194.50: Retracement level and entry zone.
192.10: First support level.
190.70: Next key support after breakdown.
188.50: Final technical target.
📌 Key Highlights:
Ascending channel breakout confirmed.
Retracement to 194.50 expected before continuation.
Strong bearish momentum to drive the price toward targets.
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GBPJPY has broken out of the ascending channel with strong bearish candles, confirming a downtrend. The price has also broken a strong support level and is expected to retrace to 194.50, where an order block is present.
Once the retracement is complete, the pair is likely to resume its bearish move, targeting lower support levels.
🎯 Technical Target Levels:
194.50: Retracement level and entry zone.
192.10: First support level.
190.70: Next key support after breakdown.
188.50: Final technical target.
📌 Key Highlights:
Ascending channel breakout confirmed.
Retracement to 194.50 expected before continuation.
Strong bearish momentum to drive the price toward targets.
✅ Stay Updated and Profitable!
Like, comment, and follow for timely forecasts and trading insights.
Don’t miss the next moves—trade smarter with precise updates! 🚀
📢 Join the community and profit together!
Trade active
Note
Market Insight:
As predicted, GBPJPY initially took a retracement at the supply zone and encountered an order block, which led to a strong fall towards our target levels. Both the first and second target levels were successfully hit! 🎯
Now, we’re eyeing the final last target level as the market continues to move downward. The setup remains intact, and the momentum is aligned for a potential continued drop. 🚀
Action Plan:
Keep an eye on this analysis—manage your trades wisely and ensure you're locked in profits as we approach the last target.
Stay tuned for further updates—let’s finish strong!
Trade closed: target reached
🚨 Trade Update 🚨
Market Insight:
It’s time to close your trades for now, as we’re seeing a double bottom formation on the chart. If the market confirms a bullish candle with additional confirmation signals, that will be our cue to start looking for buying opportunities. 🛑
Action Plan:
For now, lock in profits and stay on the lookout for further confirmation before entering new trades. Be patient, and we'll get ready for the next move once the market shows more strength to the upside.
More updates coming soon—let’s stay ready!
Note
Market Insight:
GBPJPY hit our second target successfully, delivering solid profits! 🎯 After that, it reversed back towards our entry level but is now showing signs of resuming its downward momentum. It's time for round 2, as the pair prepares to fall again towards our target zone. 🚀
Action Plan:
Stay focused—if you’re re-entering trades, manage your risk and align with the plan. Let the market guide us to the next profit zone!
Let’s capitalize on this move once again—stay sharp! 🔥
t.me/TrendLogic1
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t.me/TrendLogic1
🌐Join Our VIP Telegram Trading Community! 📊
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🌐Join Our VIP Telegram Trading Community! 📊
🔹High-accuracy trading signals for XAUUSD, Forex, & Crypto.
🎯Join now and take your trading to the next level!
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Related publications
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.