GBPJPY

The current buy zone for GBPJPY is at 190.65, indicating a potential entry point for traders looking to initiate a long position. This level suggests a favorable opportunity for buyers to enter the market and capitalize on potential upward movement in the currency pair. Additionally, setting take profit levels at 191.00, 191.50, and 192.00 allows traders to lock in profits at various price points as the trade progresses, mitigating risk and maximizing potential gains. Conversely, establishing a stop loss at 189.70 serves as a safeguard against adverse price movements, helping traders limit potential losses and protect their capital investment. By strategically placing take profit and stop loss orders, traders can effectively manage their trades and optimize their risk-reward ratio in the dynamic forex market.

Trade active:

191.80 hittt

Trade active:

all targets point done