GBPJPY Analysis (11th April 2024)

Market Analysis PT2/2 (11th April 2024)

GBPJPY Analysis

On the 4 hour timeframe, price action rejected off the 4 hour Orderblock and created another bearish Change of character, This shifts my bias from bullish to bearish on the 4 hour.

In the process, a 4 hour Fair Value Gap has been formed and if you drop to the 1 hour timeframe it also overlaps with a 1 hour Fair value gap. This will be a high probability area for me to look for potential SELLS from.

Ideally i want to see price tap into the 4 hour FVG and create a 5/15 minute Change of Character before looking for sell on GJ.