GBPJPY long or short - Why so bullish? Fundamental
GBPJPY has been super bullish. But why?
Of course it was driven by the fundamentals. JPY was super weak due to fundamentals and the same time GBP gained in power. This is was made GBPJPY fly that much. But also the chart technical analysis showed us how much liquidity was located. We had Trend Line Liquidity which was build during the last corrections before this strong move up.
Currently the situation is that we broke 156 a very important key level. Therefore the price used that liquidity to spike above it and now to go lower.
The question currently is are we going to lower in order to get better marke efficiency? Well this is a good question we need to wait for the market to give us more confirmation. Currently we can look for a sell if the market will go into the Supply Zone. On the other hand we can also look for a buy at the Demand Zone
What do you thinkß
Of course it was driven by the fundamentals. JPY was super weak due to fundamentals and the same time GBP gained in power. This is was made GBPJPY fly that much. But also the chart technical analysis showed us how much liquidity was located. We had Trend Line Liquidity which was build during the last corrections before this strong move up.
Currently the situation is that we broke 156 a very important key level. Therefore the price used that liquidity to spike above it and now to go lower.
The question currently is are we going to lower in order to get better marke efficiency? Well this is a good question we need to wait for the market to give us more confirmation. Currently we can look for a sell if the market will go into the Supply Zone. On the other hand we can also look for a buy at the Demand Zone
What do you thinkß
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