GBP/JPY 4H Chart Analysis – Bullish Channel Setup

14 mag

📈 Trend:

Price is moving in an ascending channel
🔵 Support line below
🔴 Resistance line above



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Key Zones & Levels:

📍 Demand Zone (Buy Area):

Between 191.753 – 194.016

Price might bounce here before continuing up

🔵 Likely pullback expected here


🎯 Target Point:

202.500

🚀 If price respects the demand zone, this is the upside target


🟢 Entry Point:

Around 193.964 – 194.016

Optimal buying zone before the projected rise


❌ Stop Loss:

Below 191.700

🛑 Placed to minimize losses if price breaks down



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Indicators:

📉 EMA (70):

Currently at 192.816

✅ Acting as dynamic support



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Trade Plan Summary:

🔄 Wait for a retracement into the Demand Zone

🛒 Enter long near 193.964

⛔ Stop loss at 191.700

🎯 Target at 202.500

29 mag

Trade attivo

29 mag

Nota

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