I have planned an entry on GBP/JPY around a key level that aligns with a high-value VWAP from the second week's low of this month. This VWAP has shown strong Rhythm being tested, reinforcing its significance as a key reference point. Given its ability to attract liquidity and provide structural support, I consider this level to be a high-probability area for a reaction.
Since there are currently no significant fundamental factors affecting the British pound or the Japanese yen, I am basing this setup entirely on price action and technical confluence. I will wait for confirmation on lower timeframes before executing the trade.
Since there are currently no significant fundamental factors affecting the British pound or the Japanese yen, I am basing this setup entirely on price action and technical confluence. I will wait for confirmation on lower timeframes before executing the trade.
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