GBPJPY short UPDATE (Wyckoff, Supply Demand, Elliot Wave)

Price just went up from the Demand Zone. I expect price to go up to the Supply Zone. After that I expect a drop. Wait for price action as a confirmation.

Structure:
- GBPJPY is still in the Distribution Area. We can see price ranging in this box for a while. We began trading the top. We entered there shorts.
- Overall opinion is the price to drop based off the Wyckoff Trading Theory and Elliot Wave

If you did not checked this Analysis go for it to understand my long therm view on GBPJPY.

- For now look for price action confirmation or major Rejection in the Supply and Demand Zones before entering any Trade

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