GBP/JPY 15M - Morning people, I thought I would bring you some analysis for this pair, I am wanting to see bullishness longer term with this pair. As we know the prevailing trend is a bullish one.
The JPY is seen as one of the weaker currencies and the GBP is seen as one of the major currencies in the world. That aside we are seeing price respect areas of Demand and we have recently seen price trade down to clear an area.
Breaking structure both fractally and on the higher timeframes I am led to believe that this market is now ready to print in a new bullish leg to the upside, giving us reason to to buy in.
I just want to see price pullback trading down and into the Demand Zone I have got marked out below, once we see price trade in I am then expecting to see price break structure again fractally giving us the entry confirmation we need to go long.
The JPY is seen as one of the weaker currencies and the GBP is seen as one of the major currencies in the world. That aside we are seeing price respect areas of Demand and we have recently seen price trade down to clear an area.
Breaking structure both fractally and on the higher timeframes I am led to believe that this market is now ready to print in a new bullish leg to the upside, giving us reason to to buy in.
I just want to see price pullback trading down and into the Demand Zone I have got marked out below, once we see price trade in I am then expecting to see price break structure again fractally giving us the entry confirmation we need to go long.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.