We’ve been watching GJ for a little while now and the supply with the large gap in particular. There was large move out that level again last week so we’ll continue to monitor for signs of further action.
GBPJPY – Short
So price hit daily supply and reversed again. I’d like to see it break the recent pivot low before shorting as it’s just made a higher high into the supply so more supply is being absorbed. This is the only pair at or near SD on the daily still so it’s the waiting game for the other pairs.
Check out the video below which looks at where the other pairs are at the moment.
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