GBPJPY: A Potential Downtrend
The major supply zone has been tested several times and appears to be holding, suggesting that sellers may soon take control. The price recently dipped into a minor demand zone around 193.700 and bounced back. I anticipate selling will resume after this brief retracement.
As always, patience is key—we need to wait for a clear trade setup to develop on the M15 timeframe before executing. If price breaks the minor zone at 193.700, it will likely move to the next one at 193.000 with ease. Let’s see how this trade idea unfolds.
As always, patience is key—we need to wait for a clear trade setup to develop on the M15 timeframe before executing. If price breaks the minor zone at 193.700, it will likely move to the next one at 193.000 with ease. Let’s see how this trade idea unfolds.
Ordem cancelada
Trade invalidated. Shift to AUDUSD with a similar setup.
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.