GBP/JPY sell Setup and Opportunity available

💲 Pair Name : GBP/JPY

Time Frame : 1 analysis / 4hr'

Scale Type : Large Scale

Analysis Way : Volume + Classic + High & low + Market Map

Key Technical / Reason's Short

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🗒 Description

The price now has broken a very important area, which is the control area 155.000

Available to sell now with the opening of the market

A drop of 350 points is expected in the medium term

And we have several reasons to sell

The first reason

A strong monthly role exchange area was broken by a week's candle

The second reason

A large wedge price pattern has been broken in the medium term

third reason

The illiquid zone has been broken on the clear volume profile

Fourth reason

The value region is broken on the fixed profile in the same fraction region 155.00

➕The fifth reason

is the fastest rebound from a very important place and a high liquidity area on the weekly and monthly time frame, which supports strong selling liquidity

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