GBP/JPY - Price Structure

Interesting setup on the 4h chart for GBP/JPY with a potential breakout, price is currently trading within a descending triangle and is approaching breaking point... Keep an eye on price action around 138.550 for any indications of a false breakout.

We can expect price to continue lower into the zone between 138.550 and 136.450.

OR

Break out of this area and drive price up.

Please feel free to leave your opinion below.

Kommentar:

Price has now broke support and moved into the zone between 138.550 and 136.450, updates to follow.