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Profound_Ambition
Jan 2, 2018 9:02 AM

GBPJPY 4H 

British Pound/Japanese YenFXCM

Description

Looks like price is having some trouble at daily resistance 152.500, & is now in a 60 pip range between support & resistance.. We have pound data coming out in 30 minutes which will give us a better idea of what price action is looking to do. Will be watching to see if price can close back below the 61.8% fibonacci level & trendline for shorts

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now waiting for a break of support

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61.8 acted as a great support, to bad I was anticipating a break..

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back at fibonacci support

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caught 80 pips at the 61.8 back up to daily resistance, price is rejecting this level once again showing alot of pressure, still watching for a breakout of range!
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