GBPJPY MONDAY TRADE SIGNAL📊 GBP/JPY 30-Minute Chart Analysis
🔹 Current Trend: The market has been in a strong downtrend, respecting the 20-period WMA (Weighted Moving Average) as dynamic resistance.
🔹 Key Levels:
✅ Support Zone: 187.500 - 187.334 (Marked in Green)
✅ Resistance Zones: 188.414 & 190.021 - 190.313 (Marked in Red)
🔹 Trade Setup:
📈 Possible Buy Opportunity:
Price is holding at a key support zone, showing potential for a short-term retracement towards the resistance level at 188.414 or even 190.021 before continuing lower.
A break & retest of the small resistance zone (marked in brown) could confirm a bullish move.
📉 Overall Bearish Bias:
If price reaches the higher resistance zone (190.021 - 190.313), it may create a strong selling opportunity.
A rejection from resistance could trigger a continuation of the downtrend, targeting new lows below 187.000.
🔹 Trading Plan:
Short-term traders can look for buy scalps towards resistance.
Swing traders should wait for a liquidity grab near resistance before entering a sell position targeting 186.500.
📌 Watch for confirmations like:
✅ Bullish rejection candles at support
✅ Break & retest of the marked zones
✅ Price action signals at resistance
⚡ What’s your bias on GBP/JPY? Bullish or Bearish? Drop your thoughts in the comments! ⬇️🔥
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