FX:GBPJPY   British Pound / Japanese Yen
expecting for price to drop down former to the whole level of 144 because that is where price was previously resistance and now it is support.Price took out the liquidity that was forming up top by the equal highs and is now looking for lower prices. I am expecting to take most of my profit there. I expect for price to drop because of the huge imbalance and on the higher time frame, it needs to follow structure of making higher highs and higher lows. I expect for price to play around the 144.00 level and jump from there but then eventually go down to my POI of 143.700 - 143.600. Looking for an entry around that area. Will be holding this sell. I will add updates along the way.
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