GBPJPY TRADE DON'T MISS THIS OPPORTUNITY ๐ GBP/JPY Buy Setup - 4H Analysis ๐
I'm currently looking at a potential bullish move on GBP/JPY based on recent price action. The pair has been in a downtrend but has found support around 188.00-188.50, showing signs of reversal.
๐น Entry: Around 189.10-189.30
๐น Stop Loss: 187.76 (Below recent lows)
๐น Target: 191.83 (Previous resistance level)
๐ Analysis Breakdown:
โ
Price has rejected a key support zone, indicating potential upside.
โ
Bullish momentum is forming with higher lows on lower timeframes.
โ
Risk-to-reward ratio is favorable, aiming for a 2:1+ setup.
I'll be monitoring this trade closely. Let me know your thoughts! ๐๐ข
#GBPJPY #ForexTrading #PriceAction #TradingView #ForexSignals #FXAnalysis ๐๐น