GBPJPY - Short before Swing Long Idea

Looking at GBPJPY at the close of the March Candle and end of Q1. Price has broken out of the top of the monthly range with heavy bullish pressure. I have two options that could play out in early weeks of April.

1. Price respects the previously Monthly Demand AOI and continues its Bullish Momentum

2. Price Retraces back into the range back down to the Origin of bullish movement that occurred the first week of March.

If price is able to break through the weekly AOI we may see the bulls continuing to push higher through the month of April.


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