GBP/JPY: Bearish Momentum at Key Resistance – A Swing Short Opportunity

GBP/JPYShortSwing4d ago0 views

Trade Setup

Entry Price

188.6000

Stop Loss

190.9000

Take Profit

184.1000

Risk : Reward

1 : 1.96

RiskReward

Market Structure and Technical Rationale


Good morning, traders. My focus today is on GBP/JPY, a pair I know well. The market data is compelling, showing a clear bearish trend, with the pair down 0.5% in the last 24 hours and currently trading around 188.16. We've seen the day range oscillate between 186.74 and 189.57, but the overall directional bias remains firmly to the downside.
From a technical perspective, I'm watching

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