GBPJPY UPDATE (Like predicted) 100pips Supply Demand, Pennant

GBPJPY hit my First Target. That were 100pips. In our Telegram we made with this Trade 205pips in 3 days which was really nice. Check my BIO for more.

So now for GJ we have 2 scenarios:

1) We could go up to the top of the pennant and after that we could see a break of the Demand Zone
2) We could now break the Demand Zone and go for a lot of pips more down. Like exactly explained in the chart

- We need to watch the market und look for price action as confirmation. My Thoughts are that the first scenario. I think that the price will go first a little bit up before get for big shorts.

- If you want to know more about GBPJPY check out my other Analysis. I made one for my Long Therm View where I clearly explain all Confirmations very detailed.

I hope you all enjoy my Analysis. Please leave a LIKE and a COMMENT.

For more Analysis, Trading Content, Entry, SL and TP check out my BIO.