FX:GBPJPY   British Pound / Japanese Yen
In this immediate structure we have a 162.051 high and 160.123 low, thus far price has been resonating with the setup we had the previous week. As we get into it we grasp a lot of data and information, currently price has tapped into the mid liquidity zone and a hanging man candlestick followed by an unequivocal bearish engulfing one, this is a strong reversal indication, a bullish market is making advances. Initially price did not give us the satisfaction of tapping the demand zone as anticipated so we didn’t want to hedge the setup, but it was a good one because price showed an accumulation phase and shot up to the liquidity zone. Looking for sellers to take control until the demand zone for a clean buying opportunity, but if it breaks below then the order block will be the ultimate rejection zone…

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