GBP/JPY (British Pound / Japanese Yen) 4-hour analysis,

GBP/JPY (British Pound / Japanese Yen) 4-hour analysis on OANDA, incorporating key technical levels:



Key Levels & Zones:

• Entry Zone: 189.198 - 189.241, acting as a potential buy area.

• Support Zone: 187.295 - 187.948, marked in red, indicating a strong support area.

• Resistance Levels:

• 190.374 (first target)

• 191.926 (second target)

• 193.052 (major resistance level)



Price Projection & Analysis:

• The price is currently testing the entry zone, suggesting a potential bounce from this level.

• If the price holds above 189.198, a bullish move towards 190.374 and beyond is expected.

• A break below 187.921 could lead to further downside towards 187.295 or lower.