CHART BREAKDOWN GBPJPY: Key Levels, Targets and Thoughts!🎯
Brief Description🖊️:
The chart provides insights into critical market levels, emphasizing an essential supply zone (medium-risk sell zone) spanning from 190.900 to 191.000.
Things I Have Seen👀:
Medium-Risk Sell Zone🟠: Positioned between 190.900 and 191.000, suggesting another area with moderate risk for potential selling positions.
Bearish Targets📉:
190.650: Possible retracement area.
190.250: Possible retracement area.
190.000: Are with laying low liquidity and forming another Break of Strucutre.
What's Important Now❗
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
The chart provides insights into critical market levels, emphasizing an essential supply zone (medium-risk sell zone) spanning from 190.900 to 191.000.
Things I Have Seen👀:
Medium-Risk Sell Zone🟠: Positioned between 190.900 and 191.000, suggesting another area with moderate risk for potential selling positions.
Bearish Targets📉:
190.650: Possible retracement area.
190.250: Possible retracement area.
190.000: Are with laying low liquidity and forming another Break of Strucutre.
What's Important Now❗
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.