Tao_2484

GBPJPY H4 ANALYSIS

Tao_2484 Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Price is still bullish and rallied today 100+ pips. Support was found at 160.50 level.
Possible rejection around 162.50 if price wants to push higher towards the previous supply zone.
I'm personally looking for sells. Looking for a strong bearish candle to break 50 ma.
There's money on both sides but if price doesn't break the 162.50 level I feel sellers will come in push price lower and low to grab up money around the 159.50 level and lower.


This month and I'm challenging myself to just focus on 2 pairs and GJ is one of them. lol
Trying to focus and cancel out noise/distraction.
I will never give this up. I strive to be a professional trader and have that financial freedom we all look for. Trade safe and RISK MANAGEMENT. Peace.
Comment:
Price has found rejection around the 162.25 level. Waiting for sellers to push price down below 161.50
Comment:
still bullish. a little fakeout to the bottom side now pushing up towards previous supply zone
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