FX:GBPJPY British Pound/Japanese Yen
GBPJPY seems to have formed a bottom and is now starting to go back up. PA is about to hit a major resistance area and I'm expecting a bounce off this level at least on the first attempt though it. I have TP set to a retest of the broken TL and SL just above the higher resistance level. Should be a nice safe scalp trade.
***** HOW TO READ THE CHART: The red and blue lines represent clusters of BUY/SELL orders. The thicker the line, the stronger the cluster. Red = SELL, Blue = BUY. Grayed Out = Cluster Hit & Gone.