1 HOUR Bearish price action and closure below main sr level.
4 HOUR Overall bearish moving market structure!
DAILY Exoecting more pressure towards previous support zone.
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FOREX SWING SELL GBPJPY ENTRY LEVEL @ 140.650 SL @ 141.280 TP @ 139.730 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!)
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Still think your right here, the move up was an SL Hunt taking out the UTAD high from the last drive. Elliott daily suggests a pullback from 3 high to 4 which is around 138.80. All lines up with stochastics and sentiment as well as the COT data. We should see a short from here now. 141.65 level.