British Pound / Japanese Yen
Long
Updated

GBPJPY: Imbalance & False Breakout 🇬🇧🇯🇵

2 334
https://tradingview.sweetlogin.com/x/ANFQr4sq/

Feels like we have a good example of stop hunt and imbalance on GBPJPY.

The market is consolidating within a horizontal range on a daily.
We saw a breakout attempt of its support in the morning
and the market was even trading beyond that for some time.

However, then we see a formation of a bullish engulfing candle - the imbalance.
It makes me think that this bearish move was simply a manipulation.

I expect a growth now to 182.3 level.

❤️Please, support my work with like, thank you!❤️
Trade closed: target reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.