GBP/JPY: Short Setup as Resistance Holds Firm

GBP/JPYShortSwing4h ago0 views

Trade Setup

Entry Price

189.0000

Stop Loss

189.4000

Take Profit

188.1000

Risk : Reward

1 : 2.25

RiskReward

Technical Rationale: High Probability Reversal


Good morning, KoraFX community. Let's talk about GBP/JPY, a pair I follow closely. While the current 24-hour change sits at -0.19 (-0.1%), indicating a relatively flat session, the market structure around key resistance levels is what's catching my eye for a swing trade. The pair is currently trading at 188.91, hovering just below the immediate resistance at 189.19. Looking at the daily range of 188.63 — 189.19, price has been

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