DislikedGBPJPY Already a Double Top on H4, the MMs might have price lower - but still above half Level - for ongoing filling of SM short orders. To my way of thinking, a break high of the whole Level and a break low of the half Level would not be conclusive. The bigger range HLs need to be broken; the lower or upper 1/4 Levels. Lots of GBP releases coming. And maybe some clues from looking at other pairs involving GBP. The MMs have been supporting this, but I still tend to think bears. And always of the possibility of yet another stop hunt of shorts. {image}...Ignored
And speaking of that possibility of yet another stop hunt of shorts,........right back above the whole number, where we know the MMs prefer to build short themselves.
We cannot know how these thieves will manipulate price next, but this does sort of reinforce that they are bears. It is a pretty good bet they will support and range the price up here now. An attempt to sucker longs for the shorting liquidity they will give the MMs.