GBPJPY is running near OB, SELL Zone strong (read captions)

📉 GBPJPY Price Forecast 📉

GBPJPY is currently in a selling trend, consolidating at the bottom of the zone after a retracement to the order block at 190.05. Another key order block is present at 192.90, creating a consolidation range between these levels.

The pair is trading below both the 200 EMA and 50 EMA, confirming a strong selling zone. With increasing bearish volume, sellers are dominating, signaling further downside potential.

🎯 Technical Target Levels:
- 188.55
- 186.60

📌 Key Highlights:
- Consolidation between 190.05 and 192.90 confirms resistance zones.
- Trading below 200 EMA and 50 EMA, indicating bearish momentum.
- Increased selling volume reinforces the downtrend.
- Strong continuation expected towards lower target levels.
✅ Get Ready for the Move!

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