SHORT - GBPJPY (D, H4) (26 May 2023)This pair's behaviour is too erratic
As it is seen, price has been touching the Supply Zone but no visible price action is seen yet.
Since it is not clear what the price may do, it is best to observe it over the next few weeks in the Weekly and Daily Charts, to see
A) whether it will be pressed down and remove any opposing zones for SHORT opportunities OR
B) whether price will pierce through to reach another Supply zone for SHORT opportunities.
Weekly Chart
Daily Chart
Gbyjpyshort
GBPJPY WAVE 3 COMPLETE - SELL FOR FINAL WAVE AFTER RETRACEMENTI am looking for another entry on this pair.
It appears as though wave 3 has found some support and I am anticipating it to retrace between 38.2% and 50% of the distance it traveled.
Wave 2 was a flat, so I anticipate wave 4 to be a sharp corrective move.
Right now I am looking at an entry around 131.6 and 1311.99.
I will be looking to sell to 129.5 to 129.9.