GBPJPY could be safe to take a long from here. Sell volume is very low.still we could have a move down more but I am positive 199.30 is possible this week.
GBPJPY weekly plan for this pair. break below 197.90 will bring us to the high volume zone at 197.20, break above 198.74 will take us to 199.10 at least. safe trading.
GBPJPY GBPJPY WEEKLY HIGHER TIME FRAME FORECAST Q3 W27 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today! 👀
💡Here are some trade confluences📝
✅Weekly 50EMA Rejection ✅Daily Order block identified ✅1H Order Block identified
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail. 🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
GBPJPY is showing a bearish trend with the market price below the pivot point of 197.926, and indicators suggesting a potential continuation of the downward movement. Short positions may be favored with targets at 197.754 and 197.640