GBPJPY June 10th Analysis Daily

Price was making 4H Bullish Pennants to continue up trend. Trend pushed all the way to top of weekly Bollinger band where it is squeezing waiting to breakout. New pennant formed on Daily now instead of 4H which shows strong trend continuation for weekly breakout of Bollinger band. Also you can see price is near oversold area on daily. Another sign of strong continuation. Look at related ideas link to this publish to see my top down analysis of trending market currently.