Gbpjpy 4 hour.
Due to the bullish move up from the past seven weeks, it's time for a pullback.
We see the first sign of this happening at the 4 hour graph which shows us a sell zone being respected.
I haven't opened a position yet.
As shown in the graph I'll be waiting patiently for gbpjpy to break down below 182.250, I'll open a position on the retest of our zone if the market gives a clear reaction.
I'll keep you updated upcoming week.
Kind regards,
Dirk van Lith
Due to the bullish move up from the past seven weeks, it's time for a pullback.
We see the first sign of this happening at the 4 hour graph which shows us a sell zone being respected.
I haven't opened a position yet.
As shown in the graph I'll be waiting patiently for gbpjpy to break down below 182.250, I'll open a position on the retest of our zone if the market gives a clear reaction.
I'll keep you updated upcoming week.
Kind regards,
Dirk van Lith