GBPJPY is running near OB, SELL Zone strong (read captions)
📉 GBPJPY Price Forecast 📉
GBPJPY is currently in a selling trend, consolidating at the bottom of the zone after a retracement to the order block at 190.05. Another key order block is present at 192.90, creating a consolidation range between these levels.
The pair is trading below both the 200 EMA and 50 EMA, confirming a strong selling zone. With increasing bearish volume, sellers are dominating, signaling further downside potential.
🎯 Technical Target Levels: - 188.55 - 186.60
📌 Key Highlights: - Consolidation between 190.05 and 192.90 confirms resistance zones. - Trading below 200 EMA and 50 EMA, indicating bearish momentum. - Increased selling volume reinforces the downtrend. - Strong continuation expected towards lower target levels. ✅ Get Ready for the Move!
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