GBPJPY Breakdown Analysis
My outlook on GBPJPY for this week. I would like to see the pound retrace back to the 62% - 70.5% Fib retracement zone, taking some liquidity before shooting up to hunt liquidity at the top. COT reports indicate that massive amounts of short positions were closed and a huge amount of long positions were opened which might drive price up.
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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.