GBPJPY facing strong resistance near 199.850 zone – double top rejection visible. Price showing signs of bearish exhaustion after multiple rejections. A clean break below 198.500 support zone confirms downside pressure. If confirmed, we expect a sharp drop toward 196.670 zone.
📉 SELL SIGNAL:
Entry: Below 198.500
SL: 199.850 (Above recent highs)
TP1: 197.700
TP2: 196.670
🔻 Bearish bias confirmed by candle rejection + support break expectations
📊 Wait for candle close confirmation before executing.
🚨 High reward risk setup – Ride the Queen’s move!
📉 SELL SIGNAL:
Entry: Below 198.500
SL: 199.850 (Above recent highs)
TP1: 197.700
TP2: 196.670
🔻 Bearish bias confirmed by candle rejection + support break expectations
📊 Wait for candle close confirmation before executing.
🚨 High reward risk setup – Ride the Queen’s move!
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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.