FX:GBPJPY   British Pound / Japanese Yen
GBPJPY took a huge dump last week after the NFP.

Now looking for either a continuation of Bearishness to lead us into our true swing low. To then continue the overall bullishness up. Or I'm looking for a shift higher first to then lead us into our lower demand zone for the higher shift up.

Now, following this idea, I'm looking for a reaction at our nearest point of supply that we currently sit inside of... if this doesn't happen il be looking for longs to take out our swing high.

Make sure that you always use your confirmations to get into a trade and always be flexible with your analysis. Remember, sticking to your trading plan and consistently entering the same setups will bring you profitability.

If you like this idea, drop us a boost and a comment down below.

We hope you all have a profitable and successful trading week.

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.