GBPJPY Bearish Set Up
The Weekly closed bearish, daily closed with a bearish body with rejection of the buyers, and the 4 Hr has done a break of previous support. I'm anticipating a retest of previously broken structure to continue the bearish momentum. The yellow zones are take profit areas, or places where you could scale-in to hit the end target - which is a Weekly Wick Fill. Price also closed below the 200 EMA on 4 hr, so this could drop nicely.
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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.