Don't miss the great SEE Opportunity in GBPJPY
Current Market Structure: The price is moving upwards in a clear uptrend. After a recent pullback, it seems to be heading towards a support level near the 192.450 area, marked by the blue line.
Trade Setup:
Support Zone: The grey-shaded area below the blue line indicates a potential support or demand zone, where buyers are expected to step in, between 191.550 and 192.450.
Long Entry: The chart suggests waiting for the price to dip into this support zone before entering a long position.
Target Zone: The green shaded area above indicates the profit target of around 195.950.
Bullish Outlook: The expectation here is that after testing the support zone, GBP/JPY will reverse upwards toward the target at 195.950, indicating a bullish continuation after a minor retracement.
This setup presents a buying opportunity around the support area (191.550–192.450), with a clear target near 195.950, aligning with the uptrend.
Trade Setup:
Support Zone: The grey-shaded area below the blue line indicates a potential support or demand zone, where buyers are expected to step in, between 191.550 and 192.450.
Long Entry: The chart suggests waiting for the price to dip into this support zone before entering a long position.
Target Zone: The green shaded area above indicates the profit target of around 195.950.
Bullish Outlook: The expectation here is that after testing the support zone, GBP/JPY will reverse upwards toward the target at 195.950, indicating a bullish continuation after a minor retracement.
This setup presents a buying opportunity around the support area (191.550–192.450), with a clear target near 195.950, aligning with the uptrend.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.