• Vasily Trader

GBPJPY: Key Weekly Structure Ahead (structure analysis)

Hey traders,

GBPJPY is very close to a 5 years' high.

156.62 is a key historical level.

Taking into consideration, that the market is heavily overbought,

chances are high to see a pullback from that level.

To short wisely look for a confirmation on a daily t.f before you sell.

Closest key supports:

153.3 - daily

149.7 - weekly