Long

Critical level for gbpjpy!!

Updated

At this level im looking for a buy to continue the overall uptrend but im paying attention to the support that has just been broken that can possibly turn resistance and continue the current downtrend. Where the price is now has been a very strong level of support in the past and we will see if it holds or we will see futher downside. I can see the possibility of further downside due to imbalances and equal lows to the left and unmitigated demand so im not married to the buy bias.

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lower time frame perspective

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Have a reaction to the second buy zone which as the broken resistance from the higher time frame. Looking for entry

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Never received any buy conformation on lower time frame to look for a possible pullback for this drop. Will most likely see a correction in New York session.

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Getting rejection to daily demand

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Support is being made on lower time frames and we have a broken trendline, but I want to see a break in structure and some sort of retracement before I look for buys. Also looking for a some sort of manipulation of faking out of early buyers. Looks to me we will see buys during New York session.

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Looking for either the nice clean break and retracement and a candle confirmation buy or a range to manipulate buyers before a push up.

chart_artistry

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