Hello traders, GBP/JPY has been trying to break the hourly resistance at 192.75 but so far, it has not been able to do so. That being said, we are continuously noticing higher lows in the hourly time frame. So, the current price action on GBPJPY is messy.
Although I have been scalp selling GJ every time it reaches 192.75, I feel less confident in selling. In my opinion, it could break out of the hourly resistance and could reach 193.50. So, I recommend traders to be careful with GJ
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Another attempt to break the minor resistance at 192.75, but so far remains unbroken
@TomasRadek, Not decided yet bro, will update the idea if I sell
RLinda
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Thanks for the idea, was posting this pair today too I am waiting for a breakout as a major player is interested in going higher. Price is squeezing towards resistance and the market is ready to break it up
rekhamma
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I think you are right, gbpjpy could go up to 195 also