GBP/JPY at Critical Level — Long Setup Forming
GBP/JPYLongSwing6h ago4 views
Trade Setup
Entry Price
189.6000
Stop Loss
187.4000
Take Profit
194.0000
Risk : Reward
1 : 2.00
RiskReward
Technical Analysis
Looking at the 4-hour chart, GBP/JPY is showing a clear head and shoulders pattern near the 189.6 level.
Fundamental Context
Recent economic data supports a long move on GBP/JPY. Central bank policy remains the key driver.
Trade Setup
Risk:reward is 2:1. Stop loss at 187.4, take profit at 194.
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