GBPJPY short UPDATE (Supply and Demand Analysis, Bank)

Price went a little higher than expected. But we could see how the price respected the Supply Zone at the daily level. Big wick. This was clear confirmations for sell.

Explanation:
The purpose for this big move to the upside was to grab more liquidity. A lot of traders were buying GBPJPY. At the daily level Supply Zone price then reversed. The banks saw the whole liquidity in the market and used it for their profits.

Targets
- I expect the price to drop still a lot. Especially because now more liquidity is available.

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