GBP/JPY At first i took a sell position for the continuation of current bear trend but i noticed that price is forming bullish structure and zoomed out to a higher timeframe to see that price is being respected on a larger scale. So i closed sells at 159 price,163 is now the new target.
Note
Take note the overall structure is still bearish. and this is a retracement buy. If it doesn't go 163 then 161-162 at minimum before selling again.
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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.