GBP/JPY at hourly resistance but could move up

Hello traders, GBP/JPY has been trying to break the hourly resistance at 192.75 but so far, it has not been able to do so. That being said, we are continuously noticing higher lows in the hourly time frame. So, the current price action on GBPJPY is messy.

Although I have been scalp selling GJ every time it reaches 192.75, I feel less confident in selling. In my opinion, it could break out of the hourly resistance and could reach 193.50. So, I recommend traders to be careful with GJ

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Another attempt to break the minor resistance at 192.75, but so far remains unbroken

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Price squeezing against the resistance

Сделка активна:

Sold@192.75

Сделка закрыта вручную:

Closed@191.78

97 Pips profit,

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Looks like price will test 192.75 once again