Eddie3026

GBP/JPY, Sell Limit potential

Short
FX:GBPJPY   British Pound / Japanese Yen
Daily: Price is trending to the upside, above the 100 and 50 EMA, Price is within a bullish structure leg, and currently sitting on the 50 EMA as support.

Neutral on the forex screener.

4H: Currently below the 50 and 100 EMA's and broken 4H structure to the upside, technically the 4H is bullish until it breaks 4H and d Structure.

1H: Price is below the EMA's and closed down the NFP imbalance candle. ideally, price will retrace to the 1H strong supply to continue the move to the downside.

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.