GBPJPY Idea
Price shows rejection, nearing Monthly demand zone.
Price again shows rejection at Daily 0.618.
H4 closed with buyers coming in.
Would look for opportunity to buy.
TP 129.400.
SL 126.951
Would be interested to do sell when price reached 129.400, because its a H4 supply area.
Candlestick analysis:-
Mo:- Ranging. At high price. Closed bearish with buy wick
W:- Pin bar at W demand zone.
D:- Closed bullish with a sellers wick.
Price again shows rejection at Daily 0.618.
H4 closed with buyers coming in.
Would look for opportunity to buy.
TP 129.400.
SL 126.951
Would be interested to do sell when price reached 129.400, because its a H4 supply area.
Candlestick analysis:-
Mo:- Ranging. At high price. Closed bearish with buy wick
W:- Pin bar at W demand zone.
D:- Closed bullish with a sellers wick.
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