FX:GBPJPY   British Pound / Japanese Yen
Here is a very interesting set up for this pair where price has reached a very critical level in the higher timeframes but right now we don have clear signs of a bullish or bearish momentum but if the following criteria is met we coudl expect a godo breakout for this pair:

1. Price must clsoe below the ascendign CTL,previous candle low and 78% fib to go short

2. Price holdin and closing above previosu high to go long

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.