British Pound / Japanese Yen
Updated

GBPJPY 4H

104
Supply zone 142.500 holding strong, price opened with a small gap & may need to be filled. Possible head on shoulders pattern spotted indicating possible long if break above supply zone. But at the same time a double top / 200 ema possibly acting as resistance, & price may not be able to break above. North Korea practicing missile launches opened up the market with the yen having strength, so we may see a possible short opportunity here. Waiting on the Pound news at 1:30 am (pst) for a possible stronger move in the market.

Trade with care!
Note
short entry triggered

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.