Market took a 100 pip rally today through Asian and London sessions. However, we could see that price have reached its maximum threshold. If you refer to CoT data, Almost 10K non commercial shorts were been added.
It doesn't make any sense for the price to move up without reverting back to the MEAN AREA.
GBPJPY
It doesn't make any sense for the price to move up without reverting back to the MEAN AREA.
GBPJPYTrade active
Trade closed: target reached
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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.