British Pound / Japanese Yen
Short
Updated

GBPJPY - The bigger picture is what matters

171
As seen on the chart, price has reached the resistance zone (which is the supply zone).

Price is expected to either break the support zone upward and continue to go long or get influenced by the forces support zone and begin to go short back to the demand zone.

We therefore wait for a confirmation at the point to determine whether to go long or short.

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Here is an update on the analysis. watch out!!

snapshot

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