GBP/JPY short
Updated
*This is personal opinion and analysis. No encouragement involved!*
GBP/JPY can't break through this supply zone, and the indicator shows the sign of bearish divergence. This results in the short-term downside on this pair.
GBP/JPY can't break through this supply zone, and the indicator shows the sign of bearish divergence. This results in the short-term downside on this pair.
Comment
The price has gone in my favor yesterday. Suddenly, it found a support and massive buyers pushing it up to the red zone again.RED ZONE: 164.910-164.525
CASEI: If the red zone is still active, it could kick the price to the downside again.
CASEII: If the zone is broken, the continuation will take place.
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