OANDA:GBPJPY   British Pound / Japanese Yen
As you can see from the title, GJ is in a very crucial area. GJ has rejected the D/Pivot level, retested has fallen down to the 4H/Pivot level. If buyers step in here, we can see them re-test and potentially break through the D/Pivot level, marking the end of the corrective wave and the start of an implusive wave out.

On the other hand, if buyers fail to step in and we lose the 4H/Pivot level, we can see price fall all the way to D/S2. In which case my take profits will be 4H S1, S2, & S3.

If you like this update, please comment and/or like. Stay tune for further updates.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.