GBPJPY SELL OVERVIEW (2D TF UPDATE)📈

First update of the week - GBPJPY! Bullish momentum is slowing down, as we get near to the top. Institutional money managers are opening their sellers order, making GBPJPY go into a redistribution phase. We should see more & more sell orders being opened & the official downtrend start very soon, around January 2024. Which is just over a month & a half away😉

Trade active:

GBPJPY buy now running 1,100 PIPS in profit, since it bounced straight off our Wave IV low. Market is pretty much near its top (Wave V). Most likely next week this buy position should hit its target & be closed out after 120+ days of holding🤞🏼