GBP/JPY Technical Analysis – April 4, 2025 📉
🔹 Current Price: 190.706
🔹 Timeframe: 15M
📌 Key Supply Zone (Resistance Level):
🔴 191.628 – 191.757 – Potential reversal zone
📌 Key Demand Zone (Support Level):
⚫ 189.115 – Target support zone
📉 Bearish Scenario:
A rejection from the 191.628 – 191.757 supply zone could push the price lower towards 189.115, aligning with the bearish outlook.
📈 Bullish Scenario:
If the price breaks above 191.757, we might see further upside momentum.
⚡ Trading Tip:
✅ Look for bearish confirmation around 191.628 – 191.757 before entering short positions.
✅ 189.115 is a key level to watch for potential take-profit or reversal opportunities.
✅ Always use risk management strategies to secure profits.
#FXFOREVER #GBPJPY #ForexTrading #SmartMoney #PriceAction #TechnicalAnalysis #Trading
🔹 Current Price: 190.706
🔹 Timeframe: 15M
📌 Key Supply Zone (Resistance Level):
🔴 191.628 – 191.757 – Potential reversal zone
📌 Key Demand Zone (Support Level):
⚫ 189.115 – Target support zone
📉 Bearish Scenario:
A rejection from the 191.628 – 191.757 supply zone could push the price lower towards 189.115, aligning with the bearish outlook.
📈 Bullish Scenario:
If the price breaks above 191.757, we might see further upside momentum.
⚡ Trading Tip:
✅ Look for bearish confirmation around 191.628 – 191.757 before entering short positions.
✅ 189.115 is a key level to watch for potential take-profit or reversal opportunities.
✅ Always use risk management strategies to secure profits.
#FXFOREVER #GBPJPY #ForexTrading #SmartMoney #PriceAction #TechnicalAnalysis #Trading
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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.
fxforever
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.