Скачать или смотреть GBPJPY Daily Analysis | Major Demand Zone Near 209 | Bullish Bias After Yen Weakness

In this video, we break down the GBPJPY (British Pound vs Japanese Yen) on the daily timeframe, focusing on a high-probability demand zone around 209 that price is currently attempting to reach.

The Japanese Yen cross pair has already respected previous demand levels near 207, along with multiple historical demand zones further below. After recent political developments in Japan, including the prime minister election, the Yen has shown signs of distribution, doing very little for over six days, which may indicate an upcoming move.

From a smart money and supply & demand perspective, the overall market structure remains bullish. Our expectation is for the British Pound to weaken temporarily against the Japanese Yen, allowing price to drop into the daily demand zone near 209. From that area, we will be watching closely for long trade opportunities, as price may react strongly and continue the bullish trend.

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𝐓𝐡𝐚𝐧𝐤𝐬 𝐅𝐨𝐫 𝐖𝐚𝐭𝐜𝐡𝐢𝐧𝐠 : GBPJPY Daily Analysis | Major Demand Zone Near 209 | Bullish Bias After Yen Weakness

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