British Pound / Japanese YenUpdated GJ for short if it breaks and closes below 148.500
If GJ closes below the 148.500 mark on the 4hr tf, it should be a short. If the daily candle closes bearish, it will be a bearish continuation to the key demand zone of 147.500 or 145.500. Patience!!
Note
Price has moved in correct way, as predicted...If price breaks 147.000 zone, price will continue to 145.555 zone. If 147.000 cannot be broken, price will bounce to continue bullish trend. Right now, the daily candle is engulfing so we are still in a sellers market.
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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.