Swerver

GBPJPY - Diverging demand levels approaching- 4HR

Long
FX:GBPJPY   British Pound / Japanese Yen
RSI and AO Divergence suggesting a slow down.
I will be trading the break out of the falling wedge , plenty of pips here and sections to trade if we move up.
Bat completing in the area
Current support area resting on Monthly Pivot .

Failure here could also present a nice sell opportunity to 136-137, there is quite a lot or room before support
Comment: Dropping down to the 1HR we can see room for more downside.
Comment: quick 70 pip scalp into target zone
Waiting for buy setup

Comments

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