GBPJPY is sitting at a critical point inside an ascending channel. After rejecting the exhaustion zone multiple times, price is trying to reclaim bullish momentum. Key levels to watch:
✅ Bullish Bias: Hold above 198.400 and break past 199.200 for continuation toward 200.000+.
⚠️ Bearish Risk: A break below 198.400 could signal a deeper correction.
The 20 EMA and 68 EMA are converging—expect a strong move soon!
Question: Do you think we break out or fake out? Comment below! 👇
#GBPJPY #ForexTrading #PriceAction #ForexSignals #GBPJPYAnalysis #TradingView #ForexSetup #TechnicalAnalysis #ForexStrategy #SwingTrading #ForexEducation #ForexMarket #DayTrading
✅ Bullish Bias: Hold above 198.400 and break past 199.200 for continuation toward 200.000+.
⚠️ Bearish Risk: A break below 198.400 could signal a deeper correction.
The 20 EMA and 68 EMA are converging—expect a strong move soon!
Question: Do you think we break out or fake out? Comment below! 👇
#GBPJPY #ForexTrading #PriceAction #ForexSignals #GBPJPYAnalysis #TradingView #ForexSetup #TechnicalAnalysis #ForexStrategy #SwingTrading #ForexEducation #ForexMarket #DayTrading
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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.