nzilanegiven

03 April 2023 | Trade Outlook

Short
FX:GBPJPY   Livre sterling / Yen japonais
03 April 2023
Weekly Outlook

Weekly Timeframe
1) Price is on a weekly order block (Anticipating rejection to take over)
2) Price comes from rejecting on the weekly order block in which the rejection was formed in a period of 2 weeks.
3) Price correctively pushed to the upside since end of December
4) Price did not break the previous or most recent high
5) Based on the above cases, I am anticipating price to sell masively on a HTF

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