w1 Demand zone | GBPJPY Short-term pull back (risky)

7 Des 2023

GBPJPY is at demand zone(nested daily in weekly demand zone) there is a possibility for a short-term pull back, since GBPJPY is at extreme holding long is risky.

upon confirmation on the demand zone the possible target is 185.805 - 185.038 supply zone.

W1 and w2 zone are the two demand zone in control.

W1 and w2 zone are the last two imbalances remaining for a potential long term sell if eliminated since GBPJPY is at extreme.

9 Des 2023

Trade aktif

w1 demand in control

11 Des 2023

Trade aktif

W2 demand in control which remain the key demand imbalance that hold the bullish sentiment

19 Des 2023

Trade aktif

W2 demand still Holds for a short term buys

8 Jan

Trade aktif

W2 demand still Holds on the third hits

17 Jan

Trading ditutup: target tercapai

w2 demand zone gained control after 3rd hits, also hits the target 185.805 - 185.038 supply zone