I am expecting GBPJPY to move higher this coming week sweeping the IRL and going higher to the supply zone. Price has just entered the premium zone of the daily dealing range so we can expect a retracement from the supply zone. The marked out IRL could be possible reversal points however this is unlikely. I am overall bullish for GBPJPY however i think price may retrace to the demand zone after entering the supply zone.
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.
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.