GBPJPY Analysis (4th April 2024)

Market Analysis PT1/2 (4th April 2024)

GBPJPY Analysis

On the Daily Timeframe Price has broken out extremely bullish with a nice daily candle body close above the most recent lower high that can be located on the Daily Timeframe.

In the process on taking out the daily structural high, price has created an extremely bullish FVG for price to come and retest before going higher.

Most likely, London will complete the retracement and proper price action should start to form to created a bullish Change of Character on the 5 minute or 15 minute timeframe.