SELL TREND in GBPJPY market (for more read captions)
Updated
📉 GBPJPY Price Forecast 📉
GBPJPY has broken out of the ascending channel with strong bearish candles, confirming a downtrend. The price has also broken a strong support level and is expected to retrace to 194.50, where an order block is present.
Once the retracement is complete, the pair is likely to resume its bearish move, targeting lower support levels.
🎯 Technical Target Levels:
194.50: Retracement level and entry zone.
192.10: First support level.
190.70: Next key support after breakdown.
188.50: Final technical target.
📌 Key Highlights:
Ascending channel breakout confirmed.
Retracement to 194.50 expected before continuation.
Strong bearish momentum to drive the price toward targets.
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GBPJPY has broken out of the ascending channel with strong bearish candles, confirming a downtrend. The price has also broken a strong support level and is expected to retrace to 194.50, where an order block is present.
Once the retracement is complete, the pair is likely to resume its bearish move, targeting lower support levels.
🎯 Technical Target Levels:
194.50: Retracement level and entry zone.
192.10: First support level.
190.70: Next key support after breakdown.
188.50: Final technical target.
📌 Key Highlights:
Ascending channel breakout confirmed.
Retracement to 194.50 expected before continuation.
Strong bearish momentum to drive the price toward targets.
✅ Stay Updated and Profitable!
Like, comment, and follow for timely forecasts and trading insights.
Don’t miss the next moves—trade smarter with precise updates! 🚀
📢 Join the community and profit together!
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