GBPJPY long or short - Supply Demand, Support Resistance
Hello Traders !
Chart Analysis:
If we look at the GBPJPY it is kind of difficult to determine the correct direction right now. We are right now at an important key level and from here we can expect both direction. The Zones marked on the charts are 2 potential targets. Also we can see a Trend/Resistance Line where the price retested it and got back down. Also we could see a nice daily candle close which shows us this Key Level is a valid Demand Zone. It would be important now to look the lower timeframes for price action confirmation in order to catch the right direction.
That was my Idea and I hope you did like it. Please leave a LIKE if you like my Content that I share with you. In the comment section you can tell my your view and ask questions
Thank you and we will see next time
- Darius.
Chart Analysis:
If we look at the GBPJPY it is kind of difficult to determine the correct direction right now. We are right now at an important key level and from here we can expect both direction. The Zones marked on the charts are 2 potential targets. Also we can see a Trend/Resistance Line where the price retested it and got back down. Also we could see a nice daily candle close which shows us this Key Level is a valid Demand Zone. It would be important now to look the lower timeframes for price action confirmation in order to catch the right direction.
That was my Idea and I hope you did like it. Please leave a LIKE if you like my Content that I share with you. In the comment section you can tell my your view and ask questions
Thank you and we will see next time
- Darius.
✔️ Inner Circle ⭕️
linktr.ee/dariusfx
✔️Instagram: instagram.com/dariusfxtrading
✔️ Telegram(german): t.me/dariusfxtrading
✔️ Top Broker💯 my.roboforex.com/de/?a=skxb
linktr.ee/dariusfx
✔️Instagram: instagram.com/dariusfxtrading
✔️ Telegram(german): t.me/dariusfxtrading
✔️ Top Broker💯 my.roboforex.com/de/?a=skxb
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.