Current Market Conditions:
Price: 193.970
Support Level: ~193.000
Resistance Level: ~196.000
Projected Move: The price is expected to move in a bullish trend toward 196.000 after some consolidation near the support zone.
Forecast Analysis:
Bullish Trend: The price is forming a higher low pattern, indicating continued strength in the uptrend.
Breakout Potential: If GBP/JPY breaks above 196.000, further gains are possible.
Key Levels to Watch:
Support: 193.000 (If it breaks below this level, the bullish outlook may weaken)
Resistance: 196.000 (If it breaks above, further upside is likely)
Trading Strategy Suggestion:
Buy Entry: Near 193.500–194.000
Stop Loss: Below 193.000
Target: 196.000 (with potential continuation if momentum remains strong)
Price: 193.970
Support Level: ~193.000
Resistance Level: ~196.000
Projected Move: The price is expected to move in a bullish trend toward 196.000 after some consolidation near the support zone.
Forecast Analysis:
Bullish Trend: The price is forming a higher low pattern, indicating continued strength in the uptrend.
Breakout Potential: If GBP/JPY breaks above 196.000, further gains are possible.
Key Levels to Watch:
Support: 193.000 (If it breaks below this level, the bullish outlook may weaken)
Resistance: 196.000 (If it breaks above, further upside is likely)
Trading Strategy Suggestion:
Buy Entry: Near 193.500–194.000
Stop Loss: Below 193.000
Target: 196.000 (with potential continuation if momentum remains strong)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.