downward trend is failing. looking for some EUR strength short term as this pair at least looks like ranging down here. Oil is looking like it needs a pullback which will also help weaken the CAD near term.
playing a fairly short term trend here and missed the double top opportunity but four red days in a row should confirm a trend reversal back down towards the higher time frame trend line (which is downwards for the GBP against JPY).
could be a 2B if you're familiar with Trader Vic's terminology and an intermediate trend reversal. Broke the intermediate trend line and now failed to take out the recent high. Fairly tight stop above the failed high.
I quite like this set up - a few days now since the annual report. strong volume and move up prior to the report and no reaction since aside from some impatient sellers. sitting just above the ceiling of the old price range. watching for some buying volume to come in and that might suggest we're going to go and test the ceiling at 19 cents.