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British Pound / Japanese Yen
Long

GBPJPY | TF: Daily | Bullish

58
First support zone resembles the weekly demand, and the zone below is the monthly demand. The resistance presented is the daily supply. I'm expecting a 50 pip rejection, followed by a countered 50 pip rebound. This will force a rejection to the monthly demand, which will rally the price.
Swig_Signals
Chart PatternsForexsignalssignalserviceSupply and DemandSupply ZoneSupport and Resistance

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Chart PatternsForexsignalssignalserviceSupply and DemandSupply ZoneSupport and Resistance
Swig_Signals

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.