GBP/JPY- Consolidation Finished?
1 month consolidating triangle looks like its ending. 3rd touch of lower trend line
Zooming out , price has made 4 peaks since April, unable to go higher.
Price below 20/50 MA and aiming down
TP - May lows 155
Zooming out , price has made 4 peaks since April, unable to go higher.
Price below 20/50 MA and aiming down
TP - May lows 155
Trade closed manually:
I was anticipating a break down from the lower trend line. Price bounced