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British Pound / Japanese Yen
Updated

GBPJPY 4H

381
Looks like price is having some trouble at daily resistance 152.500, & is now in a 60 pip range between support & resistance.. We have pound data coming out in 30 minutes which will give us a better idea of what price action is looking to do. Will be watching to see if price can close back below the 61.8% fibonacci level & trendline for shorts
Note
now waiting for a break of support
Note
snapshot 61.8 acted as a great support, to bad I was anticipating a break..
Note
snapshot back at fibonacci support
Note
snapshot caught 80 pips at the 61.8 back up to daily resistance, price is rejecting this level once again showing alot of pressure, still watching for a breakout of range!
Profound_Ambition
breakconsolidationGBPJPYpoundrangerejectionretestSupply and DemandSupport and ResistanceTrend Analysisyen

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breakconsolidationGBPJPYpoundrangerejectionretestSupply and DemandSupport and ResistanceTrend Analysisyen
Profound_Ambition

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.