📊 GBP/JPY Price Action Update 🎯
🔹 Current Price: 195.216
🔹 Timeframe: 15M
📌 Key Support Levels:
🟢 194.84 - 194.91 (First Demand Zone)
🟢 194.503 (Second Demand Zone)
🟢 194.133 (Third Demand Zone)
📈 Bullish Scenario:
If price respects the 194.84 - 194.91 demand zone, we may see a bounce towards 195.500+.
A break above 195.500 could push GBP/JPY toward new highs.
📉 Bearish Scenario:
If price breaks below 194.84, the next key supports are 194.503 and 194.133.
A rejection from 195.500 resistance could send price lower to test these demand zones.
⚡ Trading Tip:
Look for confirmations before entering buy/sell trades.
Watch for bullish rejection at demand zones for long positions.
Sell near resistance with bearish confirmation.
#GBPJPY #ForexTrading #SmartMoney #PriceAction #TechnicalAnalysis #ForexSignals
🔹 Current Price: 195.216
🔹 Timeframe: 15M
📌 Key Support Levels:
🟢 194.84 - 194.91 (First Demand Zone)
🟢 194.503 (Second Demand Zone)
🟢 194.133 (Third Demand Zone)
📈 Bullish Scenario:
If price respects the 194.84 - 194.91 demand zone, we may see a bounce towards 195.500+.
A break above 195.500 could push GBP/JPY toward new highs.
📉 Bearish Scenario:
If price breaks below 194.84, the next key supports are 194.503 and 194.133.
A rejection from 195.500 resistance could send price lower to test these demand zones.
⚡ Trading Tip:
Look for confirmations before entering buy/sell trades.
Watch for bullish rejection at demand zones for long positions.
Sell near resistance with bearish confirmation.
#GBPJPY #ForexTrading #SmartMoney #PriceAction #TechnicalAnalysis #ForexSignals
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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.
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.