GBPJPY H4 ANALYSIS
Updated
Price is still bullish and rallied today 100+ pips. Support was found at 160.50 level.
Possible rejection around 162.50 if price wants to push higher towards the previous supply zone.
I'm personally looking for sells. Looking for a strong bearish candle to break 50 ma.
There's money on both sides but if price doesn't break the 162.50 level I feel sellers will come in push price lower and low to grab up money around the 159.50 level and lower.
This month and I'm challenging myself to just focus on 2 pairs and GJ is one of them. lol
Trying to focus and cancel out noise/distraction.
I will never give this up. I strive to be a professional trader and have that financial freedom we all look for. Trade safe and RISK MANAGEMENT. Peace.
Possible rejection around 162.50 if price wants to push higher towards the previous supply zone.
I'm personally looking for sells. Looking for a strong bearish candle to break 50 ma.
There's money on both sides but if price doesn't break the 162.50 level I feel sellers will come in push price lower and low to grab up money around the 159.50 level and lower.
This month and I'm challenging myself to just focus on 2 pairs and GJ is one of them. lol
Trying to focus and cancel out noise/distraction.
I will never give this up. I strive to be a professional trader and have that financial freedom we all look for. Trade safe and RISK MANAGEMENT. Peace.
Note
Price has found rejection around the 162.25 level. Waiting for sellers to push price down below 161.50Note
still bullish. a little fakeout to the bottom side now pushing up towards previous supply zone
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