GBP/JPY Intraday Long: Targeting a Bounce from Key Support amidst Sideways Grind
GBP/JPYLongIntraday4h ago0 views
Trade Setup
Entry Price
189.3000
Stop Loss
188.4000
Take Profit
191.2000
Risk : Reward
1 : 2.11
RiskReward
Current Market Structure & Technical Outlook
Good morning, KoraFX community. Let's dig into GBP/JPY. Currently, the pair is trading around 189.49, showing a modest 24-hour gain of 0.39 (0.21%). The broader trend on daily charts remains somewhat sideways, as evidenced by the day range oscillating between 188.9 and 190.08. However, for intraday traders, these ranges offer specific tactical opportunities.
My focus is on the strong price action observed around the **188.9
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