AlkalineFX

GBPJPY - Small Upside Target

Long
FX:GBPJPY   British Pound / Japanese Yen
The last 15M candle closure indicates some buying pressure after the structural shift but then again this could just be end of week market manipulation. We are more than likely to see the price come down to test the strong supportive level and gain liquidity before we see a strong upside move but then again price could fly to the upside from the current area it finds itself in.

COT Data - 53.3% Long

Comments

Hello.. is this now invalid? Or we may still see upside from here?
Reply
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