GBPJPY – Riding the Bull, Eyeing a FadeThe bulls have had their fun. Structure’s been marching cleanly inside this rising channel since mid-October, and we’re now brushing up against a breaker block from the previous selloff.
Price is trading deep in the premium zone — good spot to start watching for exhaustion, not blindly shorting it. If we get a clean rejection from this breaker or the upper trendline, I’ll scalp a short back toward the midline.
Main bias stays bullish overall, but every trend needs to breathe. I’m just looking to catch that breath before it exhales back up again.
“Not financial advice, just how I see it unfolding. Let’s see if the market agrees.”
