GBPJPY - Bearish Move Expected After Hitting Resistance
GBPJPY has just touched a red line resistance on the chart and is likely to head downward toward the green line support level. This movement suggests a potential selling opportunity as price might seek support at the lower level. Keep an eye on how the price reacts in this zone for a possible bounce.
Disclaimer: Trading involves risk, and past performance is not indicative of future results. Always conduct your own analysis before making any trading decisions.
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Disclaimer: Trading involves risk, and past performance is not indicative of future results. Always conduct your own analysis before making any trading decisions.
Feel free to comment, engage with this post, and follow for more trading insights!
Trade active
GBPJPY has moved decisively, hitting more than 70% of our swing trade target. Price continues to follow the key levels as predicted, with momentum still in play. Will it push further to complete the move, or are we in for a reversal soon?
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Disclaimer: This is not financial advice. Always trade responsibly!
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.
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.