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Profound_Ambition

GBPJPY 4H

British Pound / Japanese Yen (FX:GBPJPY)  
Profound_Ambition Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Support and Resistance Trend Lines GBPJPY pound yen Supply Zone higherhighsandlows bounce break ctl
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trendanalysis supportandresistance trendline gbpjpy pound yen supplyzone higherhighsandlows bounce break ctl
GJ Fell nicely this week I took it at the top of its channel, now waiting for price to reach weekly support where I will look for a break below or bounce to the upside. Watch for a bullish engulfing for longs or a break of the CTL, price now may build up enough momentum to break out of its sideways channel its been moving in for some time now heading to its next weekly resistance level to the upside around 151.800-152.000. Patience is key with this pair :)
Comment:
Weekly: in a strong uptrend, & has been moving sideways in a 500 pip consolidation range. A push higher for another higher high is likely
snapshot
Comment:
snapshot
CTL broken, but channel resistance holding stilll
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