FX:GBPJPY   British Pound / Japanese Yen
The last month printed a bullish engulfing candle. Moving to the daily, we are showing seller exhaustion and some indecision consolidating over the past 4 days. This deceleration in price could be signaling a change in direction. On the 4H we see even larger evidence that the sellers are exhausted at least for the moment. We have also seen buyers make 3 driving attempts toward the 133.25 resistance. For now, I'm sitting on my hands until GJ chooses a direction before taking any positions.
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