GBP JPY - Supply tap or further move in the imbalance?

26 ago 2023

G'day,

Master Key for zones

• Red = Three Month
  
• Blue = Monthly
  
• Purple = weekly
  
• Pink = Consolidative box example (Daily)
  
• Orange = Daily
  

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Below are some of the take aways from the video - please listen again incase any detail is missed.

Daily
https://www.tradingview.com/x/hdcQhmXL/

Weekly
https://www.tradingview.com/x/VxW3ImOD/

Monthly
The monthly controls the way the market moves - so the monthly is showing a strong supply zone.
The imbalance has been tapped - however the monthly close has not indicated yet whether price will fall back to the PCP (weekly pivot) or a long term sell opportunity is present.
https://www.tradingview.com/x/i7HV1ZlX/

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