JPY Index Reversal – FVG Tap and Potential Upside Move?
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The JPY Index has tapped into a high-probability Fair Value Gap (FVG) after taking out sell-side liquidity. This price action suggests a strong move to the upside may be on the horizon, with price moving from Internal Range Liquidity (IRL) to External Range Liquidity (ERL). With the FVG acting as a key reversal zone, targets are set at 747.5, 771.1, and the higher buy-side liquidity at 788.3.
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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.