GBPJPY has been trending upward ( BULLISH ) for a while, and presently got rejected on a significant Daily Demand Zone and psychological key level of 165.000, The daily candlestick ended with a big bearish candle which signals previous Bullish trend retracements. A new Demand was created on 15M Timeframe which is currently respecting. Bullish Continuation to...
Long due to demand imbalance on 4H and short correction, and also a shift in structure on the 15 M timeframe to the upside
Upward channel minor trend line retouch plus double bottom and fibonacci 61.8% level retouch plus supply and demand basing candle retouch