justatrader

Watching GBPJPY - 185.9 resistance is key

FX:GBPJPY   British Pound / Japanese Yen
166 1 5
Trend is bullish but resistance formed at 185.9. Failed three times so far. In the process an ascending triangle was formed. A break above 185.9 could target 187.65 target.

A break below the trend line and horizontal support at 185.18 could see a possible retest down to 184.11.
Good clean understanding of Price action.
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