GBPJPY long and short - Supply Demand - h1, m30
Hello Traders!
On GBPJPY I can only make an analysis on the lower time frame. On the h4 or daily I can not determine any good key levels to trade right now. The market on gbpjpy is a little bit ranging and not hard trending. This is why I decided to make an h1 analysis and to trade on the lower timeframe.
I have determined some nice levels. We can see a push to the m30 Supply Zone and then drop. Or we can see the price breaking this level and going up.
What can we expect
For me GBPJPY is more then likely to go down but we need to watch price action. I can not tell that for sure right now.
That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.
Thank you and we will see next time
- Darius.
On GBPJPY I can only make an analysis on the lower time frame. On the h4 or daily I can not determine any good key levels to trade right now. The market on gbpjpy is a little bit ranging and not hard trending. This is why I decided to make an h1 analysis and to trade on the lower timeframe.
I have determined some nice levels. We can see a push to the m30 Supply Zone and then drop. Or we can see the price breaking this level and going up.
What can we expect
For me GBPJPY is more then likely to go down but we need to watch price action. I can not tell that for sure right now.
That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.
Thank you and we will see next time
- Darius.
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✔️ Telegram(german): t.me/dariusfxtrading
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