OUTLOOK (GBP/JPY) pair on a 4-hour (4H) timeframe,

3月11日

British Pound / Japanese Yen (GBP/JPY) pair on a 4-hour (4H) timeframe.

Chart Details:

Current Price: Around 191.312

Recent Price Movement:

The price is trading within a range and recently bounced from a support zone.

Multiple rejection points are marked at previous highs, indicating a key resistance level.



Key Levels:

Support Zone: 190.461 - 191.290 (Green Box)

Resistance Levels:

192.271

193.050

194.207



Expected Price Action:

The chart suggests a bullish structure, as price is holding above the support zone.

The zig-zag arrows indicate a potential move towards the 192.271 resistance, with a breakout leading to 193.050 and possibly 194.207.


Trading Idea:

Potential Buy Entry: Around 191.000 - 191.300

First Target: 192.271

Second Target: 193.050

Final Target: 194.207

Invalidation Level (Stop-Loss): Below 190.461


This setup suggests a bullish continuation, but confirmation with additional indicators is recommended before executing a trade!

3月12日

交易進行

Active Trade 2nd TP hit 200+ pips running.