GBPJPY is running near OB, SELL Zone strong (read captions)
π GBPJPY Price Forecast π
GBPJPY is currently in a selling trend, consolidating at the bottom of the zone after a retracement to the order block at 190.05. Another key order block is present at 192.90, creating a consolidation range between these levels.
The pair is trading below both the 200 EMA and 50 EMA, confirming a strong selling zone. With increasing bearish volume, sellers are dominating, signaling further downside potential.
π― Technical Target Levels:
- 188.55
- 186.60
π Key Highlights:
- Consolidation between 190.05 and 192.90 confirms resistance zones.
- Trading below 200 EMA and 50 EMA, indicating bearish momentum.
- Increased selling volume reinforces the downtrend.
- Strong continuation expected towards lower target levels.
β
Get Ready for the Move!
Like, comment, and follow for timely updates and actionable signals.
Join the community to trade smarter and achieve consistent success! π
π’ Stay connected for more accurate forecasts and profitable trading ideas.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.