GBPGPY daily correction (Action) cycle is still on going (11 candles from last daily bullish pinbar) to touch upper level pitchfork or possibly Resistance 2 at 144.177 and then resume downtrend to support 2 at 130.699.
Current daily candle bounce from support 1 at 137.769.
Stock is at crucial support ,hard to break as tried multiple times but if breakouts out below 1800 then can give a some nice points on intraday as well positional basis,with previous days HIGH AS SL ..
......................SL is little wide so that should be kept in minded before executing trade......
The orange up-sloping Fork is showing, that price is at the WL1, which gives natural support at this stretchy point.
Another indication is, that price is now once more at the U-MLH of the white Fork that acts also as a support level, which we saw with the earlier touches.
The magenta lines are plain Action/Reaction lines, derived from Newtons Law of...