TraderNeoh

GBPJPY - Can We See Further Selling Pressure?

OANDA:GBPJPY   英鎊 / 日圓
Hi Traders. About two weeks ago and early this week, i called multiple selling opportunities on the counter JPY pairs, I will link it down below if you want a quick recap.

The main reason why I started to look for short opportunities on GJ was the congestions and failure to create higher high at 167.30.

Then the follow through was a strong break below 165.80 - 166 key S&R structure.

As long as price stays below 166 I will personally still be looking for short opportunities as price is already forming lower high lower low sequence.


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All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.

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