GBPJPY: The Zone on Focus 🇬🇧🇯🇵

Short

British Pound / Japanese Yen (OANDA:GBPJPY)

OANDA:GBPJPY British Pound / Japanese Yen

supportandresistance supplyanddemand pivotpoints gbpjpy yen japaneseyen gbp pound trading technicalanalysis

GBPJPY is nicely recovering after a strong bearish wave.
On focus is 163.1 - 164.3 area. It is a broken demand zone that turned into supply zone now.

I believe that the market will drop from that.

Patiently wait for its test and wait for a confirmation on lower time frames to short then.

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