The GBPJPY pair is approaching a significant support zone which has historically acted as a strong demand area.
The overall context implies that buyers may take control at this level, leading to an upward move. I anticipate that if the price shows a clear rejection from the demand zone, the market may head higher toward the 193.266 level.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
The overall context implies that buyers may take control at this level, leading to an upward move. I anticipate that if the price shows a clear rejection from the demand zone, the market may head higher toward the 193.266 level.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
Trade active
Trade closed: target reached
Take Profit Hit
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🟢 FREE Trading Signals: t.me/danielmtrading
🔥 Best BROKER - Get 20% Deposit BONUS - bit.ly/41UtANI
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🔥 Best BROKER - Get 20% Deposit BONUS - bit.ly/41UtANI
🔥 Best Crypto Exchange - Get 45% Deposit BONUS bit.ly/43MybTA
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.