NielsG

Market is squeezing to decision point

FX:GBPJPY   British Pound/Japanese Yen
43 0 1
After the big D1 pinbar (left ellipse) formed, it looked like the market was going to go short. However, a few days later there was another D1 pinbar that threw everyone off. Ever since these two pinbars, it's not clear as to which direction the market is heading. Well, on M15 we see a squeeze nearing a decision point. Which ever way the market will breakout from this triangle, pips can be earned in that direction. Profit targets could be set at the D1 pinbar tips. So watch out for Carney's speech today...
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