GBPJPY: Ready to short 200 pips
Updated
- Price reached 190.0 supply level and started going bearish heavily, also you can see price reacted from 188.0 demand zone the started to retest to order block 189.500 also rebalanced price delivery filling the imbalance, and finally a good 4h bearish closure last week, so we can predict a strong bearish move to the main demand zone at 187.0 levels.
Note
- Price reached 189.700 as an extreme retest for a bearish prediction.- 4h Closure below 189.070 as a good confirmation.
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.