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Gbpjyp

GBP/JPY SHORT/ SELL🔰 Pair Name : GBP/JPY 🔰 Time Frame : 4H 🔰 Scale Type : MID Scale 🔰 Direction : SELL GBP/JPY has experienced a bullish run in recent weeks, leaving significant liquidity and market imbalances in its wake. This week, the price broke above the upper trend channel on the daily chart, indicating a potential shift in direction. Currently, it appears that the price is preparing to retest the previous uptrend channel. As professional traders, we anticipate a retracement towards the 180.5 daily support level, followed by a move towards 179.03 to refill the market imbalance. By revisiting these levels, the price will potentially find support and re-establish a balanced market structure. It is important to monitor price action closely and evaluate any signs of a reversal or continuation during this retracement. Stay vigilant and adapt your trading strategy accordingly as the price retraces and seeks equilibrium within the established uptrend channels.
Short
by Moon_SmartMoney