GBPJPY Sell Idea's

9 сент. 2022 г.

Good morning all, we finally got some action on GBPJPY after it moving sideways for the whole of August. We have seen price break out to the upside, but will it be short lived? Price hit the supply zone we currently sit in and produced a doji candle yesterday. So we can watch price today and if we fail to break above this supply zone then we can try a sell trade here back down to the demand below. If the zone breaks then we have a very strong zone of supply from above which we can also look for the same possible setup. Keep watching today's price action, even down to the 4H timeframe and watch for resistance to form for a possible drop back for an entry. Will update again next week GLIYF