GBPJPY D1
We're currently within a broad consolidation range, with price action indicating a potential liquidity grab towards lower levels. A daily (D1) support zone has been breached, and we're observing a bearish correction channel. I'll be monitoring the next D1 support zone or the 'key liquidity area' for reversal patterns, signaling potential long opportunities. A break below this key liquidity area would shift the overall structure to bearish. Note that JPY strength, driven by BOJ policies, warrants close attention next week. Best regards.
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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.