GBP/JPY (H4) - Finally broke through that support level of 155.993 with really strong momentum and have just closed below the next support to with the last H4 candle, momentum has not continued from the break of 155.380 but price is failing to break back above which is showing good signs of continued sells. We could just be seeing a retest before price continues bearish throughout pre London and London open.
GBP/JPY (M15) - We can see how weak this pullback is on the 15 minutes.
1) we can see clear bearish structure being presented with the lower highs and lower lows forming.
2) the strong M15 break and weak retest suggests sellers are still in control.
3) we have a new low being formed which we can use as an entry level for continued sells.
GBP/JPY (M15) - We can see how weak this pullback is on the 15 minutes.
1) we can see clear bearish structure being presented with the lower highs and lower lows forming.
2) the strong M15 break and weak retest suggests sellers are still in control.
3) we have a new low being formed which we can use as an entry level for continued sells.