GBP/JPY - 30M Analysis & Key Levels📉 GBP/JPY - 30M Analysis & Key Levels
🔵 Current Price: 194.630
🔴 Supply Zone (Resistance): 194.610 - 194.685
🟢 Demand Zone (Support): 193.696 - 193.705
🔍 Possible Scenarios:
1️⃣ Bearish Case: If price respects the 194.610 - 194.685 supply zone and rejects, we could see a drop towards 193.705 support.
2️⃣ Bullish Case: If price breaks and closes above 194.685, it may invalidate the bearish setup and push towards higher levels.
💡 Trading Plan:
✅ Look for potential short entries near 194.610 - 194.685 if rejection occurs.
✅ Target 193.705 as a downside objective.
✅ If price breaks above 194.685, avoid shorts and reassess for potential bullish setups.
Would you like additional insights on stop-loss or confirmation entries? 📊🔥