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MTrader16

Long- term demand zone on GBP/JPY - Long

Long
British Pound / Japanese Yen (OANDA:GBPJPY)  
MTrader16  
OANDA:GBPJPY   British Pound / Japanese Yen
Supply and Demand
5
0
supplyanddemand
Price has shot down into the Weekly demand zone with a daily zone just above it. We are looking for a confirmation that the trend has changed which could be from a break in the trend and no more further declining in price past this current zone. For an entry we will need to see a retest on the zone (30min/1hr) and R/R needs to 3;1 GBPJPY
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