GBP/JPY 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE
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This is a GBP/JPY 1-hour chart from TradingView, showing price action analysis. Here’s what it suggests:
The red highlighted zone represents a support area around 188.000.
The black arrows indicate a potential bullish reversal from this support, suggesting a bounce and a move toward higher levels.
The purple lightning icon may indicate a key support level or an area of high interest (potential demand zone).
This analysis implies that if price respects the support zone, a bullish move could follow. However, if it breaks below, further downside could be expected.