Back to my favorite Trading Pair. The GBPJPY.
We can mark up some nice levels.
Current State:
We are at a Demand Level right now. But we could see 2 Scenarios.
Expectations:
I expect the price to go up to the Resistance Line. Only enter at the Retest which would be a confirmation.
Second Scenario:
The price could go further down. Also here wait for the Retest before entering shorts.
This is my Analysis on the GBPJPY . I hope you enjoy it.
Feel free to comment on the Analysis if you want to know something.
Let me also know in the comments your view about the GBPJPY .