British Pound / Japanese Yen

Long

Updated

GBPJPY Outlook 4/23

GJ finally provided some structure to work with. Price ended week at a demand zone, if we can get shifts in orderflow we buy up to mitigate at supply. We sell to demand if price climbs to supply as I believe sentiment may shift bearish on larger timeframe, it can only go up in a line for so long. Easy enough in theory. Buy demand, sell supply. lets see how it plays.

Note

snapshot

Note

snapshot

Textbook reaction from the market.

Let the algo show you its hand.

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Let the algo show you its hand.

Also on:

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.