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mightybullcapital
Sep 16, 2022 9:59 AM

GBPJPY 16/09/2022 Short

BRITISH POUND / JAPANESE YENICE

Description

Price retesting a key level at 162.687 which is acting as recent support for gj also price has another key level at 163.563 which could act as its resistance since that key level has multiple retests from HTF. Now if price doesn't make a breakout of the resistance & makes a breakout of the recent support then price could come down to the next possible support at 161.901 or all the way to 161.152. However if price respects the support & breaks out of the resistance then it could push up to the next zone at 164.098.
Comments
JoeChampion
How do you define the target?
mightybullcapital
@JoeChampion, well based HTF analysis combined with the short time frame analysis i mark the obvious zones and key levels where remains the most retests at. and every analysis i post i also posta video explanation on my YYTT chh. so if you want better explanation on this pls watch the video on my YYT chh
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