#GBPJPY Analysis Insights for December 8 to 12 Trends and Predictions

#GBPJPY FVG is a like a magnet, indicating a significant level of interest and potential price action in the forex market. A pullback to the key level of 205.87 is likely, serving as a critical support zone where traders may look to enter long positions. Should the price successfully hold at this level, it is expected that the market will maintain a bullish momentum, which can lead to further upward movement. This bullish trend would then target the next significant resistance levels at 207.32 and subsequently 208.87. The importance of these levels cannot be overstated, as they represent not only psychological barriers but also technical points where traders will closely monitor price action for potential reversals or continuations.

Each of these targets reflects a strategic approach to trading the GBPJPY pair, where understanding market dynamics and price behaviour around these levels can provide traders with valuable insights and opportunities.

Chris

Thetradingmentors | Trader