✴️ The GBPJPY pair recently established a record high at 214 before experiencing a decline to 208. Subsequently, robust support emerged, initiating a price reversal. The current trading price stands at 212.43, where significant resistance is evident. We are observing substantial selling volume entering the market; however, strong fundamental support is required, particularly for the Japanese Yen, given its recent record low.
✴️ This situation presents challenges in accurately determining price action for JPY pairs. Further analysis suggests potential intervention by the Bank of Japan in the near future, which would align with our assessment.
✴️We have identified two potential selling opportunities: the initial entry point is at the current trading price upon market open on Monday, and the secondary entry point is at 213.90, should the market clear buy-side liquidity. Please utilize the entry strategy that best aligns with your analytical perspective.
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Team Setupsfx_
#gbpjpy #gbpjpysell #gbp #jpy #smartmoneyconcept #smc #ict
✴️ This situation presents challenges in accurately determining price action for JPY pairs. Further analysis suggests potential intervention by the Bank of Japan in the near future, which would align with our assessment.
✴️We have identified two potential selling opportunities: the initial entry point is at the current trading price upon market open on Monday, and the secondary entry point is at 213.90, should the market clear buy-side liquidity. Please utilize the entry strategy that best aligns with your analytical perspective.
Like And Comment
Team Setupsfx_
#gbpjpy #gbpjpysell #gbp #jpy #smartmoneyconcept #smc #ict
Trade ativo
Trading setup is active +293 pips from our first entry zone, let's see how it goes. 
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Looking for intraday signals on Forex and XAUUSD (GOLD)? Use Bot The Below!
telegram.me/SwingTradersUK_BOT
FOR FREE GROUP: t.me/swingtradersuk56
telegram.me/SwingTradersUK_BOT
FOR FREE GROUP: t.me/swingtradersuk56
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.