GBPJPY Daily Analysis
W - bullish, price retraced to the last high
D - Neutral, price looks like it may start a large consolidation zone
4 - Bearish, price is retesting a level the broke a few days ago and has printed a rejection candle
1 - bullish, Higher Highs and Higher Lows, price is testing the last high now
scalping entries -
151.50 is an area price rejected a few times, I will stay reactive and see how the market moves around this level, I am looking for a break and retest entry at this area. a break and retest above I will take a long going to 151.45.
a break and retest below I will take a short going to 150.95
D - Neutral, price looks like it may start a large consolidation zone
4 - Bearish, price is retesting a level the broke a few days ago and has printed a rejection candle
1 - bullish, Higher Highs and Higher Lows, price is testing the last high now
scalping entries -
151.50 is an area price rejected a few times, I will stay reactive and see how the market moves around this level, I am looking for a break and retest entry at this area. a break and retest above I will take a long going to 151.45.
a break and retest below I will take a short going to 150.95
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