Last week Oil broke below it’s previous ascending channel. Price seems to have found its new lower structure after forming a double bottom formation📊
Eyes are peeled for buying opportunities this week as price moves back towards breakout area of 41.17 & previous daily resistance 42.31🚀
Keen to see how price reacts at the previous 4h high from earlier this week.
Lower highs failed to form & price seems to be losing momentum - Will bears will step in next week & take control next week?
GBPJPY is currently trading within a wedge pattern, No action will be taken until a breakout + retest occurs either to the upside or downside.
Next week's early news sways me more to the upside, however, we will wait to see how it plays out... Patience pays!