The chart displaying the exchange rate between the British Pound and Japanese Yen (GBP/JPY) over a specific period. The chart is annotated with various technical analysis tools and indicators, which are commonly used in financial markets to predict future price movements.
Chart Details:
- The chart shows an upward trend in the GBP/JPY exchange rate.
- The time frame appears to be 1-hour candles, indicating that each bar on the chart represents a 1-hour period.
- The chart is annotated with several technical analysis tools, including:
- Support and Resistance Levels: A yellow box labeled "SUPPORT" indicates a significant support level around 190.000.
- Break of Structure (BOS): Multiple BOS points are marked on the chart, indicating changes in the market structure.
- Fair Value Gap (FVG): An FVG is highlighted, representing an area where the price has left a gap.
- Bullish and Bearish Zones: The chart is colored with green and red zones, indicating bullish and bearish areas, respectively.
Target:
- The target price is indicated by a line extending from the FVG to a level around 190.500, with a potential drop to 190.000.
Tools:
- The chart is annotated with various technical analysis tools, including:
- Trend lines
- Support and resistance levels
- BOS
- FVG
These tools are used to identify potential trading opportunities and predict future price movements. The chart suggests that the GBP/JPY exchange rate may experience a correction or pullback to the support level around 190.000 before continuing its upward trend.
Please Like 🚀 to support.
Chart Details:
- The chart shows an upward trend in the GBP/JPY exchange rate.
- The time frame appears to be 1-hour candles, indicating that each bar on the chart represents a 1-hour period.
- The chart is annotated with several technical analysis tools, including:
- Support and Resistance Levels: A yellow box labeled "SUPPORT" indicates a significant support level around 190.000.
- Break of Structure (BOS): Multiple BOS points are marked on the chart, indicating changes in the market structure.
- Fair Value Gap (FVG): An FVG is highlighted, representing an area where the price has left a gap.
- Bullish and Bearish Zones: The chart is colored with green and red zones, indicating bullish and bearish areas, respectively.
Target:
- The target price is indicated by a line extending from the FVG to a level around 190.500, with a potential drop to 190.000.
Tools:
- The chart is annotated with various technical analysis tools, including:
- Trend lines
- Support and resistance levels
- BOS
- FVG
These tools are used to identify potential trading opportunities and predict future price movements. The chart suggests that the GBP/JPY exchange rate may experience a correction or pullback to the support level around 190.000 before continuing its upward trend.
Please Like 🚀 to support.
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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.
Join Telegram Channel Free t.me/Sharp_Entry_Trader "Explore daily insights: 4/5 signals meticulously analyzed, ensuring an impressive 99% accuracy in forex & crypto trades t.me/Sharp_Entry_Trader
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.