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Snick3rSD
Apr 27, 2023 5:19 PM

GBPJPY - Another short ✅ Short

British Pound/Japanese YenFXCM

Description

Hello traders!
‼️ This is my perspective on GBPJPY.

Technical analysis: On higher timeframe we are in a bearish market structure, that's why I look for shorts. Here I expect bearish price action as price rejected from bearish order block + institutional big figure 167.000. My target is liquidity below equal lows + imbalance.

Fundamental analysis: Tomorrow we have news on JPY, will be release Policy Rate and BOJ Press Conference, if the results are positive for JPY, this will support our move.

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Comments
ibrar550
this will depend on BoJ meeting early hours tomorrow
Snick3rSD
@ibrar550, Yes, you are right
ibrar550
@Snick3rSD hopefully it drops haaard
ibrar550
@Snick3rSD price does look pretty bullish to
Snick3rSD
@ibrar550 we will see tomorrow
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