GBP/JPY short +500 pips
- Price broke 161.00 zone since the first of JUN and we can see price is ranging making equal highs and lows.
- after retesting twice on the 166.00 supply zone price started to fall aggressively with an impulse movement.
- Now we are at 161.00 Demand zone and we can see bearish exhaustion as an descending corrective channel.
* Pivot line as a confirmation for selling at 161.00
- after retesting twice on the 166.00 supply zone price started to fall aggressively with an impulse movement.
- Now we are at 161.00 Demand zone and we can see bearish exhaustion as an descending corrective channel.
* Pivot line as a confirmation for selling at 161.00
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