GBPJPY.. the second-round opportunity is coming soon
Weekly: Up channel but rejected on the top
Daily: Supported at D key zone
4H: Break below 4H key zone
Trade Idea: Short since 4H & D timeframes confirm the downtrend. Short if the price:
1. Retrace back to at least 50% fibonacci level (Premium Discount)
2. 4H key zone will act as resistance this time
3. Around 4H key zone, there is a supply level
Daily: Supported at D key zone
4H: Break below 4H key zone
Trade Idea: Short since 4H & D timeframes confirm the downtrend. Short if the price:
1. Retrace back to at least 50% fibonacci level (Premium Discount)
2. 4H key zone will act as resistance this time
3. Around 4H key zone, there is a supply level
Note
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