We are observing a potential quick buy setup on GBP/JPY.
Price has just bounced off the 61.8% Fibonacci retracement level near 195.321, which aligns with strong support. There is potential for a bullish move towards the 195.750 - 195.800 area, corresponding with the 38.2% and 50% Fibonacci retracement of the last bearish move. Keep an eye on a possible reversal here, as momentum is showing signs of recovery. 🔑 Key Levels to Watch:
Support: 195.321 (61.8% Fib) Resistance: 195.750 - 195.800 Stay alert for a quick scalp opportunity in this zone! 📈