GBP/JPY SHORT SETUP – Swing Target: 188.200
Pair: GBP/JPY
Timeframe: 4H
Entry: 190.596
TP: 188.200
SL: 190.950 (above recent resistance)
Risk–Reward: ~6.5R (239.6 pips reward / 35.4 pips risk)
📊 Technical Summary:
Bearish MACD crossover – downside momentum building
QQE Mod histogram shows rising bearish pressure
RSI weakening under 50 – favors sellers
Price rejected EMA 100/200 zone – acting as dynamic resistance
Candle structure: Lower high formed, weakness at 191.3
High-volume resistance around 191.0 – strong sell wall
Previous support zone near 188.20 – realistic swing target
🎯 Probability of TP Hit (188.200):
✅ Conservative estimate: 55–60%
Higher probability if price closes below 190.30 on strong volume.
🧠 Idea: Expecting a swing move down as bullish momentum fades and structure shifts lower.
Disclaimer: Not financial advice. Manage risk responsibly and adapt to price action.
Pair: GBP/JPY
Timeframe: 4H
Entry: 190.596
TP: 188.200
SL: 190.950 (above recent resistance)
Risk–Reward: ~6.5R (239.6 pips reward / 35.4 pips risk)
📊 Technical Summary:
Bearish MACD crossover – downside momentum building
QQE Mod histogram shows rising bearish pressure
RSI weakening under 50 – favors sellers
Price rejected EMA 100/200 zone – acting as dynamic resistance
Candle structure: Lower high formed, weakness at 191.3
High-volume resistance around 191.0 – strong sell wall
Previous support zone near 188.20 – realistic swing target
🎯 Probability of TP Hit (188.200):
✅ Conservative estimate: 55–60%
Higher probability if price closes below 190.30 on strong volume.
🧠 Idea: Expecting a swing move down as bullish momentum fades and structure shifts lower.
Disclaimer: Not financial advice. Manage risk responsibly and adapt to price action.
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.