GBPJPY Short

26 oct. 2023

On the monthly we can see that price has finally broken below 182.256. On the weekly we can see that price wicked up 183.500 and rejected the level and previous lower highs. On the daily we see that price came to a strong area of support at 181.500 but price maintains bearish character creating new lower lows with price remaining below the 50 ema. 4hr we can also see another BOS. on the 1hr we can see some bullish divergence possibly causing price to push higher around london and having a stronger push towards the downside in NY session.