GBPJPY
Updated
We have a weekly supply zone from the past of the market in the range of 186-187 and the probability of price reaction to this area is high. If the price reacts, it has the potential to fall to the weekly demand zone in the range of 160-161
Comment
The price has shown a good reaction to the supply area and there is still a possibility of a higher ceiling for the stop hunter. Entry to sell is allowed only with the trigger view. In case of a weekly close above 187.8, the price can reach 192.
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