If on the 1HR, the bullish candle is engulfed, we may...

FX:GBPJPY   British Pound / Japanese Yen
42 0
have a mini-megaphone, maybe? But I'm looking at the 15min chart...

The price line is not piercing my previously placed H/L line (upper yellow line), but I have placed in a TP/SL/buy-in line (blue dotted line).

Still LONG, due to:

1) Non-negative news from GBP and USD
2) Slowing statements from JPY
3) Fibonacci and Gartley

If the yellow H/L line isn't pierced in the 1HR chart and the price ducks under the blue TP line, then I'll consider SHORT.

But, for now, LONG aiming towards 172ish (probably won't make it till well after the weekend). That is unless Putin decides to invade the rest of Ukraine.
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