My GBP/JPY sell zone suggests a bearish outlook with downside targets at 192.480, 191.500, and 190.720, while maintaining a stop loss at 194.600.
Key Levels & Analysis:
Resistance (Stop Loss): 194.600 – If price breaks above this, the bearish setup is invalidated.
Support Levels (Targets):
192.480: First support, minor retracement level.
191.500: Stronger support, potential reaction zone.
190.720: Major support, likely to see profit-taking or reversal signs.
Technical Indicators to Watch:
1. Moving Averages: If GBP/JPY is trading below the 50-day and 200-day moving averages, it strengthens the bearish case.
2. RSI (Relative Strength Index): If RSI is below 50 and trending toward 30, it signals bearish momentum.
3. MACD (Moving Average Convergence Divergence): A bearish crossover below the signal line adds confidence to the downtrend.
4. Trendline & Fibonacci Analysis:
Check for a trendline break or a Fib retracement level supporting the sell-off.
Trading Strategy:
If price rejects resistance at 194.600, it confirms bearish sentiment.
A break below 192.480 could accelerate selling pressure toward 191.500 and beyond.
Monitor Bank of Japan & Bank of England news, risk sentiment (stocks, bonds, yen strength) for additional confirmation.
Key Levels & Analysis:
Resistance (Stop Loss): 194.600 – If price breaks above this, the bearish setup is invalidated.
Support Levels (Targets):
192.480: First support, minor retracement level.
191.500: Stronger support, potential reaction zone.
190.720: Major support, likely to see profit-taking or reversal signs.
Technical Indicators to Watch:
1. Moving Averages: If GBP/JPY is trading below the 50-day and 200-day moving averages, it strengthens the bearish case.
2. RSI (Relative Strength Index): If RSI is below 50 and trending toward 30, it signals bearish momentum.
3. MACD (Moving Average Convergence Divergence): A bearish crossover below the signal line adds confidence to the downtrend.
4. Trendline & Fibonacci Analysis:
Check for a trendline break or a Fib retracement level supporting the sell-off.
Trading Strategy:
If price rejects resistance at 194.600, it confirms bearish sentiment.
A break below 192.480 could accelerate selling pressure toward 191.500 and beyond.
Monitor Bank of Japan & Bank of England news, risk sentiment (stocks, bonds, yen strength) for additional confirmation.
Trade active
trade active from 193.800 keep hold guys in sell position 
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Gold Signal's with proper TP & SL for high profit opportunities..
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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.
📲 Join telegram channel free ..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
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.