Hey Guys,
Take a look at the GBP JPY Pair, we can see the clear liquidity run then instant pull back into the previous resistance level at 135.220, this area then becomes our selling point, as you can see on the first retest we had immediate rejection and right now we are testing the 135.220 level again. Another rejection to the down side is expected since if the market makers wanted to send price higher then they would have done the liquid hunt towards the down side not the higher side.
Take a look at the GBP JPY Pair, we can see the clear liquidity run then instant pull back into the previous resistance level at 135.220, this area then becomes our selling point, as you can see on the first retest we had immediate rejection and right now we are testing the 135.220 level again. Another rejection to the down side is expected since if the market makers wanted to send price higher then they would have done the liquid hunt towards the down side not the higher side.