(H4) - After a convincing break and close below 149.317 GBP/JPY failed to hold below and closed back into structure before retesting and bouncing (break out break back in). I am anticipating price to get back up to 150.128 to complete this consolidation however, we do need to be weary as GBP/USD is looking like sells all the way last.
(M15) - Strong break above 149.804 (Known level of resistance. Starting to pull back nicely and forming a wick now as we speak. This looks like a perfect entry back up to 150.116. We also have our LTF trendline which price recently bounced off forming that cup and handle pattern - eyes on M5 for buys!
What are your thoughts? Let me know in the comments below.
(M15) - Strong break above 149.804 (Known level of resistance. Starting to pull back nicely and forming a wick now as we speak. This looks like a perfect entry back up to 150.116. We also have our LTF trendline which price recently bounced off forming that cup and handle pattern - eyes on M5 for buys!
What are your thoughts? Let me know in the comments below.