AlkalineFX

GBPJPY: Unbelievable Setup

Short
FX:GBPJPY   British Pound / Japanese Yen
As you can see, this morning price wicked into the demand area only to collapse.

This would suggest to me that the current break and re-test buyers will be wiped out of the market.

Once we see this liquidity taken, we can begin to buy into our area of interest.

Please see the related idea below to get a picture of what we are trying to do.

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