GBPJPY Analysis (10th April 2024)

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Market Analysis PT1/2 (9th April 2024)

GBPJPY Analysis

On the daily timeframe, Price action has created a daily fair Value Gap. Since the over trend is bullish after creating a bullish Change of Character and a BOS to the upside, I am primarily looking for Longs.

What i want to see price action do is to come into the daily Bullish Fair Value Gap and reject off it, creating a 15 minute/1 hour bullish Change of Character. This will tell me that price action is still bullish and we can continue looking for longs in alignment with the daily timeframe price action.

Ideally price should come and tap into the 1 hour Bullish Orderblock where we can look for potential longs as an added confluence.

Remember to Risk less when trading this Tomorrow as there is CPI and FOMC Minutes coming up so there will be increased volatility in the markets.