📉 GBP/JPY Trading Analysis – 4H Timeframe 📈
GBP/JPY has been consistently following a descending channel, showing bearish momentum.
The current market price is 188.615, with potential for further movement.
A key entry level is identified at 187.300, aligning with technical support.
The target area is set at 191.100, reflecting potential bullish reversal.
EMA 50 serves as a crucial dynamic resistance in the 4-hour timeframe.
If the price retests 187.300, it could provide a strong buying opportunity.
A break above the descending channel may signal trend reversal.
Risk management is essential, with a stop loss placed below 187.000.
Bullish confirmation will be stronger if candlestick patterns support upward movement.
Market sentiment and fundamentals should also be considered.
A breakout above EMA 50 could confirm a bullish trend shift.
Price action near key resistance levels will determine further movement.
If momentum weakens, consolidation may occur before further upside.
Traders should monitor volume and volatility for confirmation.
Patience and discipline are key for a successful trade execution.
#GBPJPY #ForexTrading #TechnicalAnalysis
GBP/JPY has been consistently following a descending channel, showing bearish momentum.
The current market price is 188.615, with potential for further movement.
A key entry level is identified at 187.300, aligning with technical support.
The target area is set at 191.100, reflecting potential bullish reversal.
EMA 50 serves as a crucial dynamic resistance in the 4-hour timeframe.
If the price retests 187.300, it could provide a strong buying opportunity.
A break above the descending channel may signal trend reversal.
Risk management is essential, with a stop loss placed below 187.000.
Bullish confirmation will be stronger if candlestick patterns support upward movement.
Market sentiment and fundamentals should also be considered.
A breakout above EMA 50 could confirm a bullish trend shift.
Price action near key resistance levels will determine further movement.
If momentum weakens, consolidation may occur before further upside.
Traders should monitor volume and volatility for confirmation.
Patience and discipline are key for a successful trade execution.
#GBPJPY #ForexTrading #TechnicalAnalysis
Note
RUNNIGN GOOD PROFIT GUYS AMAZING WINNINGNote
target reachedNote
wining guysTrade active
GBPJPY Smashes 200+ Pips! Amazing trade, guys! GBPJPY hit a massive 200+ pips profit, and we’re holding for the final target at 191.100!
Patience pays—trust the setup and let the trade run!
#Forex #GBPJPY #PipsOnPips #TradingSuccess
Note
TARGET REACHED GUYS AMAZINF WINNINGTrade closed: target reached
GBP/JPY TRADE TARGET HIT – 400+ PIPS PROFIT!Massive Win Alert!
Entry: 187.300
Target: 191.100
Total Gain: 400+ PIPS
4H-TIME FRAME TRADE – FULL SUCCESS!
Enjoy Your Profits & Celebrate!
#GBPJPY #ForexProfit #TargetHit #PipsOnPips #ForexWins #TradeSmart
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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.
Related publications
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.