GBPJPY Long Simple Analysis +800 pips
- Price dropped with a strong bearish move from 166 supply zone breaking the last lows on 4h.
- We can observe a consolidation after price reached 160 demand zone.
- Also we have 2 retests on 156.0 daily demand zone and price failed to form a new lower low.
- Price now at a perfect demand zone nearly at 158.00.
- We might have a big bullish move to 166.0 supply zone.
- We can observe a consolidation after price reached 160 demand zone.
- Also we have 2 retests on 156.0 daily demand zone and price failed to form a new lower low.
- Price now at a perfect demand zone nearly at 158.00.
- We might have a big bullish move to 166.0 supply zone.