GBPJPY Analysis, 05 June 2025
GBPJPY on the M15 time frame If viewed through the price action approach, we can see that after a sharp decline occurred, the price tried to retrace towards the MA area and the supply zone (green block). However, the market structure now shows the formation of lower lows and lower highs, which are early indications of a change in market direction to a bearish trend.
This price action indicates that buyers are currently only taking advantage of corrections to exit long positions, while sellers are starting to dominate the market at higher price levels. This is often a strong signal that selling pressure will increase again when prices touch dynamic and static resistance areas simultaneously.
Trading recommendations entry sell In the area of 193.95 - 194.20, with or without confirmation of candlestick patterns or wait for a bearish pattern. Stop Loss Above the resistance area, for example above 194.35 to provide room for a possible price spike. Take Profit for the initial target in the area of 193.10 ? 193.25, with a further target around 192.80 if a breakdown occurs.
