GBP/JPY 15-Minute Analysis
We are looking at a potential short-term buying opportunity on GBP/JPY. The price has found support near the 195.000 level, and a pullback towards the 38.20% - 50% Fibonacci retracement levels could offer a great entry point.
Key details:
🟢 Support zone: Between 194.750 and 195.000.
📈 Resistance: Around the 195.400 - 195.600 levels, with potential to reach the 195.800 zone.
After a short consolidation, we expect a move up if the price holds above 194.800.
🟢 Look for potential long entries as the price pulls back, with stops below the 194.600 zone and an upside target in the 195.500 area.
⚠️ Risk management is key—let's give the market room to breathe and aim for a solid 60-80 pips as the price moves higher.
Key details:
🟢 Support zone: Between 194.750 and 195.000.
📈 Resistance: Around the 195.400 - 195.600 levels, with potential to reach the 195.800 zone.
After a short consolidation, we expect a move up if the price holds above 194.800.
🟢 Look for potential long entries as the price pulls back, with stops below the 194.600 zone and an upside target in the 195.500 area.
⚠️ Risk management is key—let's give the market room to breathe and aim for a solid 60-80 pips as the price moves higher.
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