GBPJPY - Not Buying It

15 Nov 2020

I would think the majority of retail will now be expecting buying continuation after seeing this 4-hour structure break and re-test. Personally, I am more inclined on selling pressure down into the key level marked. This will wipe out the majority of retail SL's before flying to the upside. My current bias is bearish but I am happy to flip biases if we see a close above the horizontal line marked.