GBP seeing strength due to optimism and the reopening of the country, more restrictions are to be lifted and vaccines are still rolling out nicely. the JPY is seeing weakness due to a 4th wave concern so we are looking for possible longs on this pair. we can see price has seen an impulse move off its weekly with a minor exhaustion, what we will be waiting for is double confirmation off this zone and then entry confirmation for a trade to our monthly zone.
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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.