GBPJPY to possibly launch
After price gave us a change of character the the upside on 4h timeframe, it retraced and retested extreme demand. It then preceded to break structure the the upside, confirming the SMS we just had. It left behind a huge imbalance since it broke structure with an enormous upside momentum. It has currently retraced and is hovering above a demand zone that it could use to push further to the upside with the aid of liquidity that has accumulated over this demand zone.
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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.