GBPJPY 3/26 Week 5 Analysis on a 4-hr chart
Strong bearish trend.
Prices are holding around 159.800 (Red zone).
Great for a quick 2.7R:R.
Could be a role reversal level but seeing there is a strong impulsive bearish move on the 3/22 5:00 UTC, the following moves are very likely corrective moves.
Allow a few extra pips for some breathing space given that this pair is extremely volatile.
Looking to enter during the Asian session if the support holds within range.
Prices are holding around 159.800 (Red zone).
Great for a quick 2.7R:R.
Could be a role reversal level but seeing there is a strong impulsive bearish move on the 3/22 5:00 UTC, the following moves are very likely corrective moves.
Allow a few extra pips for some breathing space given that this pair is extremely volatile.
Looking to enter during the Asian session if the support holds within range.
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