GBPJPY Buying Opportunity - Clear support zone in sight
GBPJPY is approaching a robust support zone, marked by bullish reversals and stronger buyer interest. The recent bearish pressure has brought the price into this critical area again, creating a potential buying opportunity.If we get bullish confirmation, I anticipate a move toward 191,350. However, a breach of this support could invalidate the bullish outlook and lead to further drop.
Carefully assess price action at this level and ensure proper risk management before taking positions. What’s your opinion on this setup? Share your ideas or feedback in the comments below!
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