The analysis suggests a potential short-term sell opportunity for GBP/JPY on the 12-hour timeframe. Here's a breakdown of the reasoning:
**Bearish Signs:**
* **Break of Support:** The price recently dipped below a key support level, indicating a potential shift in momentum towards a downtrend.
* **Technical Indicators:** The analysis mentions terms like "Visible Range Hvn" and "Fixed Range Poc," which likely refer to specific technical indicators suggesting weakness in the GBPJPY pair.
* **Pattern Break:** There might be a bearish chart pattern that has been broken, further strengthening the case for a sell.
* **Order Flow:** "Inner Choch Area" possibly suggests a zone where smart money (large institutions) might be accumulating sell orders.
**Potential Reversal:**
While the analysis favors a sell, it also acknowledges a possible bullish reversal at a specific price zone. This area could find support due to various factors:
* **Major Support:** This price zone might be a historically significant support level that could hold the price from falling further.
* **Technical Levels:** The mention of "Pattern Target" and "Hidden Support" suggests technical indicators pointing to a potential buying zone at this price.
* **Fibonacci Retracement:** "Fibo Godlden" likely refers to the Fibonacci retracement level, a common tool used to identify potential reversal points.
* **Price Highs:** "P / Quarter / Year High" might indicate previous price highs at this level, which could act as psychological support.
Overall, the analysis leans towards a short-term sell in GBP/JPY, but acknowledges the possibility of a reversal if the price finds support in a particular zone.
**Bearish Signs:**
* **Break of Support:** The price recently dipped below a key support level, indicating a potential shift in momentum towards a downtrend.
* **Technical Indicators:** The analysis mentions terms like "Visible Range Hvn" and "Fixed Range Poc," which likely refer to specific technical indicators suggesting weakness in the GBPJPY pair.
* **Pattern Break:** There might be a bearish chart pattern that has been broken, further strengthening the case for a sell.
* **Order Flow:** "Inner Choch Area" possibly suggests a zone where smart money (large institutions) might be accumulating sell orders.
**Potential Reversal:**
While the analysis favors a sell, it also acknowledges a possible bullish reversal at a specific price zone. This area could find support due to various factors:
* **Major Support:** This price zone might be a historically significant support level that could hold the price from falling further.
* **Technical Levels:** The mention of "Pattern Target" and "Hidden Support" suggests technical indicators pointing to a potential buying zone at this price.
* **Fibonacci Retracement:** "Fibo Godlden" likely refers to the Fibonacci retracement level, a common tool used to identify potential reversal points.
* **Price Highs:** "P / Quarter / Year High" might indicate previous price highs at this level, which could act as psychological support.
Overall, the analysis leans towards a short-term sell in GBP/JPY, but acknowledges the possibility of a reversal if the price finds support in a particular zone.
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