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DanielLearnLifeBell

Strong Supply Ahead for GBP/JPY Look for Shorts

Short
British Pound / Japanese Yen (OANDA:GBPJPY)  
DanielLearnLifeBell Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Supply and Demand
3
0
supplyanddemand
Strong Supply zone ahead. Originated on the daily and when you break it down into smaller time frames you can see the actually supply zones formed. It will take a lot of buying power to break through the two supply zones in this area. Selling power is kicking in as wicks are being formed on the smaller time frames as price struggles to reach the zone.
Comment:
2 pin bars formed on 30min time frame, confirming entry.
Trade closed: target reached
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