GBP/JPY - H1 Analysis & Prediction (07/02/2025)

GBP/JPY - H1 Analysis & Prediction (07/02/2025)

📉 Bearish Continuation Expected

🔹 Current Price: 188.362
🔹 Key Resistance Levels:

188.998 - 189.141 (Short-term resistance)
190.068 - 190.599 (Major resistance)
🔹 Key Support Levels:

187.694 (Break & retest zone)
186.922 (Next target)
186.488 (Major support)
🔹 Market Outlook:

Price is rejecting from resistance and forming a bearish structure.
A break below 187.694 could confirm further downside.
If price retraces towards 188.998 - 189.141, look for rejections to enter shorts.
🔹 Trade Setup:
✅ Sell Zone: 188.998 - 189.141
✅ Target: 186.922 - 186.488
✅ Invalidation: Above 190.068

#FXFOREVER #GBPJPY #ForexTrading #SmartMoneyConcepts #PriceAction #LiquidityZones