VantegicTrading

GBP/JPY upside potential

Long
FX:GBPJPY   British Pound / Japanese Yen
This market has been in a range since the 24th of December and its struggled to make a new high, there seemed to be a lot of dealing and order-flow build up toward's the back end of last week with it consistently making HL and forming an ascending triangle on the 4hr TF.

I believe there will be short term sell opportunity before pushing off of the 4hr OB and forming the new high we've been waiting for. A lot of traders are going to be trading the range and I think they'll get caught out by smart money.

Price needs to be monitored and see how it reacts to key levels.