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AlkalineFX

GBPJPY: Reversal Needed

Long
British Pound / Japanese Yen (FX:GBPJPY)  
AlkalineFX  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Technical Indicators Chart Patterns GBPJPY gbpjpyshort gbpjpylong gbpjpyanalysis gbpjpyprediction gbpjpyforecast
48
16
trendanalysis indicator chartpattern gbpjpy gbpjpyshort gbpjpylong gbpjpyanalysis gbpjpyprediction gbpjpyforecast
I would expect retracements to fill the imbalance but it is not necessary.

Price is bearish so until we get that BOS that we want, we cannot look for buys.

However, if we do get the BOS we are after we can consider a setup like this.

What is your view on this setup?

Please like and comment!

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