FX:GBPJPY   British Pound / Japanese Yen
ANALYSIS ON DAILY, 4HR, 1HR

For intraday trading follow these steps
On daily TF look and what do you see

Price is respecting a zone
A upward trend has formed and thus forms a chart pattern
this pattern is called a ascending wedge (amongst many others)
The wedge was broken and retested forming a double bottom which indicates price will move back up

On 4hr TF you can see a descending wedge or a channel forming
highs and lows are respected here
exhaustion wicks show movement will be bearish back to the zone but as higher TF is bullish , we can see price will move up too
EMAs respect this movement
SO now you look for entries
On 1HR TF, I would wait for a bearish movement. a bearish candle has formed so set SL as outside the pattern and TP to the zone

set trade and monitor on 4hr
does that make sense?
NEVER go below 1hr/m30 if you want to intraday
whilst i was typing - you can see GJ went into profit
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