GBPJPY Push into Supply: Short 16:1 RR

GJ has shown consistent weakness at this level. A promising sell initiative through the Asian open points to a push lower. I’m expecting a retest of 163.746 into a push lower to test local demand at 161.700. This trade is contingent on yesterdays intraday trend being broken.
Demand ZonedistributionGBPGBPJPYimplusejpyshortSupply and DemandTrend Analysis

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