💙 GBP/JPY Resistance Rejection! SELL Setup Activated!
👩💻 Dear traders,
After analyzing GBP/JPY on the 1H timeframe, we have a clean short opportunity developing from a key resistance zone around 199.00 – 199.26. Price has stalled and rejected strongly, signaling potential for a bearish move.
Bias – Bearish
🎯 Target – 198.20
🎯 Target – 197.90
🎯 Final Target – 197.70
🛑 Safe Stop Loss – 199.26
📊 Reasoning:
– Price rejected a clear resistance/supply zone
– Red box marks historical rejection area
– Yellow arrows indicate downside momentum zone
– Bearish pressure forming at the top of the range
– Excellent intraday short with clean R:R structure
🍀 Stay patient, trust your levels, and trade smart!
👩💻 Dear traders,
After analyzing GBP/JPY on the 1H timeframe, we have a clean short opportunity developing from a key resistance zone around 199.00 – 199.26. Price has stalled and rejected strongly, signaling potential for a bearish move.
Bias – Bearish
🎯 Target – 198.20
🎯 Target – 197.90
🎯 Final Target – 197.70
🛑 Safe Stop Loss – 199.26
📊 Reasoning:
– Price rejected a clear resistance/supply zone
– Red box marks historical rejection area
– Yellow arrows indicate downside momentum zone
– Bearish pressure forming at the top of the range
– Excellent intraday short with clean R:R structure
🍀 Stay patient, trust your levels, and trade smart!
Trade closed: target reached
Fall from the resistance as predicted
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JOIN MY TELEGRAM SIGNAL ROOM 👇👇
t.me/+34ueMgSmKoM5ODc8
For Gold: 👇👇
t.me/+34ueMgSmKoM5ODc8
t.me/+34ueMgSmKoM5ODc8
For Gold: 👇👇
t.me/+34ueMgSmKoM5ODc8
Related publications
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.