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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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.