British Pound / Japanese YenUpdated GBPJPY - 17 January 2022
Price has now taken out the LQ from the left and respecting the 15m D2S by giving a 15m bearish CHoCH. If price come back up we might see price respecting the high or use this structural high as the LQ as it barely taps into the supply. If price taken out this structural high and immediately reverse we may then look for Short and aim for the downside LQ from the left.
Note
Whether I expect price to take out the structural LQ or not depends on how far price push down from here and how corrective the price pullback up.
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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.