GBPJPY Trade Analysis**GBP/JPY 15-minute chart**
**Trade Analysis & Idea:**
📉 **Previous Downtrend**: The pair experienced a strong drop before finding support around **191.400**.
📈 **Current Recovery**: Price is now rebounding and trading above short-term moving averages (blue & red EMA).
🔄 **Resistance Zone**: The **192.000 - 192.200** area may act as resistance for further upside.
### **Potential Trade Setups:**
1️⃣ **Bullish Continuation**:
- If price **breaks & closes above 192.000**, we could see further upside towards **192.400 - 192.600**.
- A strong candle close above resistance would confirm bullish momentum.
2️⃣ **Rejection & Pullback**:
- If price struggles to hold above 192.000, a pullback toward **191.700 - 191.500** is possible.
- Look for **bearish candlestick patterns** (e.g., rejection wicks, engulfing candles) to confirm a short opportunity.
### **Risk Management:**
✅ Secure partial profits at key levels.
✅ Use **tight stop-loss** below **191.700** for longs or above **192.200** for shorts.
