CHART BREAKDOWN GBPJPY: Key Levels, Targets and Thoughts!

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Brief Description๐Ÿ–Š๏ธ:

The chart provides insights into critical market levels, emphasizing 1 essential supply zone: low-risk sell zone spanning from 190.100 to 190.175, respectively, is highlighted.

Things I Have Seen๐Ÿ‘€:


Important Support Zone๐ŸŸข: Identified between 190.100 and 190.175 serving as a low-risk sell.


Bearish Targets๐Ÿ“‰:
189.750: Possible retracement area.
189.500: Possible retracement area.
189.250: Possible retracement area.
189.000: Possible retracement area.
188.500: Possible retracement area.
188.300: Significant supply zone.
188.090: Liquidity area.


What's Important Nowโ—
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.

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