CHART BREAKDOWN GBPJPY: Key Levels, Targets and Thoughts!
Brief Description🖊️:
The chart provides insights into critical market levels, emphasizing an essential supply zone (low-risk sell zone) spanning from 201.250 and 201.500.
Things I Have Seen👀:
Important Supply Zone🟢: Identified between 201.250 and 201.500, serving as a low-risk sell.
Bearish Targets📉:
200.300: Possible retracement area.
199.600: Possible retracement area.
198.150: Possible retracement area.
Ultimate Target: 197.150- Laying Low Liquidity
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 (low-risk sell zone) spanning from 201.250 and 201.500.
Things I Have Seen👀:
Important Supply Zone🟢: Identified between 201.250 and 201.500, serving as a low-risk sell.
Bearish Targets📉:
200.300: Possible retracement area.
199.600: Possible retracement area.
198.150: Possible retracement area.
Ultimate Target: 197.150- Laying Low Liquidity
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.
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