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JasonFosterII

GBPJPY Huge Breakout coming soon

Long
British Pound / Japanese Yen (OANDA:GBPJPY)  
JasonFosterII  
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns
2
0
trendanalysis chartpattern
Price currently at basis (middle bollinger band) of 4H. 4H BB has been squeezing. A normal breakout of 4H band is 420 pip distance from top to lower band. The tightest squeeze is 300 pip distance. Right now price is at 380 pip distance. Expecting price to continue up on higher time frame. But still watching for pullbacks. Major news tonight and tomorrow. Price may make some type of continuation pattern before breakout. Fib is based off weekly so patience is key.

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JasonFosterII
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