Gj Reversal Zones

[Jim B]

You still trading this pair mate ? Got a short position open on it myself wondering what you’ve been trading.

 

[FriendlyFX]

Like those zones are those areas of Imbalance or hidden Supply and Demand?

 

[bigbax699]

Good morning all i haven't had a trade on GBPJPY for a short while, for multiple reasons. Watching other pairs more and waiting for it to come to an ideal price point also. As you can see we have broken through the trend line and touched down at the demand zone below which we got from one of our last trades. With the situation with Russia still ongoing I think JPY will continue to be stronger and therefore see further downwards momentum. Ideally I would like to see price visit the bigger demand zone lower down. But if price looks to be finding support at the first demand zone then i will look to take the trade there also. Patience with these setups, let price come to us then trade. GLIYF

 

[sebking1986]

I agree on JPY probably gaining strength the longer this rumbles on. Entirely depends if it escalates further as well.

 

[Treacle]

Not so sure this one will go back up until the dust settles....

 

[sebking1986]

Interesting that the gap left below the demand zone there has almost entirely been filled and reacted off of thus far.

 

[bigbax699]

This week's video is out on my YT
Appreciate anyone that likes and subscribes. tia

 

[bigbax699]

Good morning all, it's been a while since we have had a trade setup on GBPJPY . But it may take a while to get to my most favorable place for a position long term so i am looking at this short to medium term trade of a sell. We can see rejection from yesterdays candle so id like today's candle to rise in price a little more to get a rejection from the area around the moving average. Price look's to be making a lower high currently so it makes for an ideal sell here in the current trend. Maybe move down to the 4H chart to get a quicker entry into the trade. TP zones are easy targets, first being the demand zone created on the last low, and second being my long term target buying area. Low risk on this one all GLIYF

 

[Treacle]

Does like ripe for a drop looking at that chart

 

[sam.peters]

Think you're on the money with those next movements I'll be honest man.
GBP/JPY has been abiding by S+R zones quite nicely for the past year or so.