GBPJPY long (Supply Demand, Trend Line) - Corona Virus

Hello Traders !

Very difficult this pair this week. Very fundamental based because of the Corona Virus. Huge drop on GBPJPY. There were some nice daily and h4 Demand Zone but we could not see a good close of the candles in order to confirm a buy trade on this pair.

Now I am looking at a nice h4 Demand Zone and for a nice potential long setup. I expect the price to go up with the Trend Line as Take Profit. Of course we need to see how the market opens. It would not surprise me if we will have some gaps on the market.

Also I marked another level on the charts which could also be a Zone that can push the price higher. But we will see. It will depend a lot on price action and on the candle closes so keep an eye on them and to not jump too early in the trade.

Watch Price Action, follow your trading plan and trade carefully friends.

Let me know your view on GBPJPY and what you think about my Analysis.
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Thank you and we will see next time
- Darius.