CHART BREAKDOWN GBPJPY: Key Levels, Targets and Thoughts!🎯

Brief Description🖊️:

The chart provides insights into critical market levels, emphasizing an essential supply zone (low-risk sell zone) spanning from 190.200 to 190.300, and another medium risk sell zone spanning from 189.950-190.150 respectively, are highlighted.


Things I Have Seen👀:

Important Supply Zone🟢: Identified between 190.200 and 190.300, serving as a low-risk sell.

Medium-Risk Sell Zone🟠: Positioned between 189.950 and 190.150, suggesting another area with moderate risk for potential buying positions.


Bearish Targets📉:

189.700: Possible retracement area.
188.700: Possible retracement area.
188.200: Possible retracement area.
188.000: Are with laying low liquidity and forming another Break of Strucutre.


What's Important Now❗
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.