GBPJPY Long – Key Factors Supporting the Trade
📌 Volume: Buy volume is increasing, signaling accumulation and potential upside momentum.
📌 COT Data:
Commercials are extremely net short JPY, suggesting institutional positioning for JPY weakness.
GBP commercials are net long but fading, indicating mixed sentiment but not outright bearishness.
📌 Oscillators:
Stochastic and CG both in oversold territory, signaling potential reversal conditions.
📌 Measured Move:
The sell-side measured move has completed, indicating exhaustion and potential for a bullish reaction.
These factors align for a solid long setup on GBPJPY. Managing risk while the trade plays out.
#Forex #GBPJPY #MarketAnalysis
📌 Volume: Buy volume is increasing, signaling accumulation and potential upside momentum.
📌 COT Data:
Commercials are extremely net short JPY, suggesting institutional positioning for JPY weakness.
GBP commercials are net long but fading, indicating mixed sentiment but not outright bearishness.
📌 Oscillators:
Stochastic and CG both in oversold territory, signaling potential reversal conditions.
📌 Measured Move:
The sell-side measured move has completed, indicating exhaustion and potential for a bullish reaction.
These factors align for a solid long setup on GBPJPY. Managing risk while the trade plays out.
#Forex #GBPJPY #MarketAnalysis
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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.
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.