Forex Trading Room on June 14 – 18, 2021 – Buy Opportunity on GBPJPY

In today’s trading room, we analyzed the charts for the upcoming week. We start with the higher time frames and then check the lower time frames to look for intraday opportunities.

We recognized a correlation across JPY pairs where we see the Yen very weak against other currencies.

We spot buy opportunity on GBP/JPY after a retracement on the 5m chart that aligns with the long term bullish trend.

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