Bulls finally took control of the market after testing a major level of support. If price respect the 4hrs demand level we may see further bullish movement in the coming days.
GBPJPY has been stuck on a nasty range we finally saw price broke to the upside. if buyers still manage to stay in control in the next coming week, we may see price test a key level
After broke support we can see that rallied up for a retest, price failed later failed to create a new high. on the daily TF we can see that price closed engulfing the previous day candle. this may indicate that price is ready to continue lower
Price broke through and closed below previously respected level of support, we need to see price respect daily area of supply to give us confirmation for further bearish move.
