Here’s my latest analysis of the GBP/JPY on the 1H timeframe. Key support and resistance zones have been identified, along with significant Fibonacci levels to monitor market movements. 📈📉
🔍 Strategy:
Watching for a potential reaction around the support level (192.00) with a possible double bottom setup. Blue zones are critical areas to watch for reversals or continuations. Monitoring the MACD for confirmation of an upcoming impulse. What’s your take on this setup? 🤔 Feel free to share your thoughts and ideas!