PeanutButter

GBPJPY 153.500 REJECTION ?

FX:GBPJPY   British Pound / Japanese Yen
Price picked up crazy momentum after it rejected 151.250. Price Broke through Key Zones and has been going up 238 pips currently after the rejection at 151.250.

Price has currently move 824 pips in a Bullish Channel in the 4 Hour Time frame

Price happens to be currently rejecting at 153.500 in the hour 4 Time frame. Patiently waiting to see how the 4 hour candle closes.

If price Closes Above 153.500 , switch to a smaller Time Frame and find buy entries and smash withing 153.500 till 154.000.

If Price Closes Below 153.500 look for sell entries in a smaller Time frame and smash till 153.250 and below.

Always look for Candle confirms, Confluence with ADX , EMAS, Q-T.
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