GBPJPY Bearish sentiment
From the HTF we have a clear bearish shift in market structure and in correlation with the bullish shift on the JPY basket; this sealed my bearish bias. Going down to the Hourly TF 2H, we see a rejection off the SIBI that created the break in structure on the daily while leaving a bearish order block in line. I would expect price to validate the OB and show AMD on the 15m which is willingness to continue bearish in my opinion before i engage.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.