GBPJPY Crashes Steadily After a Reversal at Supply Zone

Service for copy trading. Our Algo automatically opens and closes trades.

The L2T Algo provides highly profitable signals with minimal risk.

24/7 cryptocurrency trading. While you sleep, we trade.

10 minute setup with substantial advantages. The manual is provided with the purchase.

79% Success rate. Our outcomes will excite you.

Up to 70 trades per month. There are more than 5 pairs available.

Monthly subscriptions begin at £58.

L2T Algo

TELEGRAM

RESULTS

GBPJPY Price Analysis – January 21

GBPJPY crashes steadily after reversal at the supply zone. The market has continuously switched power between the bulls and the bears. There has been very little consolidation since October 2021. The bulls went long from the demand zone at 148.970. They were very dominant in the market. There were multiple consecutive days of unresisted bullish run from October at 148.970 to the Supply Zone at 157.730.

GBPJPY Major Zones

Supply Zones: 157.730, 154.400
Demand Zones: 148.970 152.440

GBPJPY Long Term Trend: Bearish

After a reversal at the supply zone, the market crashed back to 148.970. The month of November was plagued by consolidation. The demand zone at 152.440 gave way to the bears as the month ended. Price tapped once again into the 148.970 demand zone. There was a little consolidation before the price skyrocketed to 157.730. A double top reversal pattern formed at the supply zone. The Williams Present range indicated the market was overbought. The Parabolic SAR (Stop and Reversal) eventually gave the final confirmation of a bearish run.

GBPJPY Short Term Trend: Bearish

A steady bearish trend is obvious on the four-hour chart. Consistent lower highs and lows have led the market into the 154.400 zone. The Williams Percent Range is currently oversold in both the daily timeframe and the four-hour time frame. The previous supply zone might be used by the bulls to support bullish action.

However, the bears seem to be very heavy as they keep creating impulsive moves after the reversal in the supply zone. The bears are likely to push through the 154.400 zone down to the next demand zone at 152.440. A breakout-and-retest is expected below the 154.400 zone. The market is still crashing steadily after the reversal at the 157.730 supply zone.

You can purchase crypto coins here: Buy coins

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

• Broker
• Benefits
• Min Deposit
• Score
• Visit Broker

• Award-winning Cryptocurrency trading platform
• $100 minimum deposit,
• FCA & Cysec regulated

$100 Min Deposit

9.8

Trade Now

• 20% welcome bonus of upto $10,000
• Minimum deposit $100
• Verify your account before the bonus is credited

$100 Min Deposit

9

Trade Now

• Over 100 different financial products
• Invest from as little as $10
• Same-day withdrawal is possible

$250 Min Deposit

9.8

Trade Now

• The Lowest Trading Costs
• 50% Welcome Bonus
• Award-winning 24 Hour Support

$50 Min Deposit

9

Trade Now

• Fund Moneta Markets account with a minimum of $250
• Opt in using the form to claim your 50% deposit bonus

$250 Min Deposit

9

Trade Now