GBPJPY Short & Long

Dear Friends,

On GJ, there is a possibilities that the price might reaching the Supply Zone as above, and that's will be the "Sell Zone" as well.

If the the "Sell Zone" is break out and the price will move further high.

Concurrently, if the price respects the "Zones", then the price movement will take place and reaching further down.
The momentum for GJ has been totally in uptrend for the past few months, and there is no such as total vertical market movement..( my opinion )

Hence the price has to hit down and respect those previous resistances, and as per the TL, if the price broke bellow the TL, then can find the Sell Setup.

This is my analyst on GJ dear friends

Thank you and have a profitable week ahead...

Cheers