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Forex48_TradingAcademy
May 15, 2023 2:10 PM

GBPJPY SHORT SETUP H1 Short

GBP/JPYOANDA

Description

GBPJPY is presenting a bullish structure this morning. The price is approaching the 170.48 area, where we have a supply zone. At that point, the market formed a short setup on May 10th, confirmed by the Forex48 1.0 strategy. Additionally, the price at this point could bounce off a bearish trendline, completing the third touch. The target for the short entry is indicated in the 168 area.

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Happy trading to everyone.

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