GBPJPY COULD RETRACE BACK INTO THE LOWS, THE GBP IS GAINING STRENGTH ACROSS THE BOARD
HOWEVER, WE ARE NOT AT A KEY DEMAND ZONE JUST YET. IDEALLY WHEN LOOKING FOR PRICE TO RETRACE WE
WANT TO SEE PRICE INTERACT WITH A KEY DEMAND ZONE. IF PRICE TESTED 125.50 WE WOULD BE EXPECTING A REACTION.
HOWEVER, IF PRICE WAS TO RE-TRACE WE WOULD EXPECT PRICE TO TEST THE 130.70.
HOWEVER, WE ARE NOT AT A KEY DEMAND ZONE JUST YET. IDEALLY WHEN LOOKING FOR PRICE TO RETRACE WE
WANT TO SEE PRICE INTERACT WITH A KEY DEMAND ZONE. IF PRICE TESTED 125.50 WE WOULD BE EXPECTING A REACTION.
HOWEVER, IF PRICE WAS TO RE-TRACE WE WOULD EXPECT PRICE TO TEST THE 130.70.