GBP/JPY WHAT IS THE BEST REACTION ZONE?

٢ أغسطس ٢٠٢٣

On GBP/JPY, we have a bearish market after breaking the previous lows on the daily chart. The price now seems to have enough strength to go down, but on the 1-hour chart, we have 4 reversal points between 182 and 180.90, waiting confirmation on the 15-minute chart (M15). Additionally, we have only one selling point in case the market retraces to the 182.70 area, where we have a strong resistance zone due to selling volumes. Let me know what you think. Happy trading to all!