FX:GBPJPY   British Pound / Japanese Yen
16 0
Price has formed HH and HL on the weekly and daily timeframes. Price has bounced several times off the 150.500 support level . The daily and 4 hour candles are showing weakness around the support level .
Candles bouncing off the support level will meet many confluences
- Fibonachi
- Whole number
- 3rd bounce off trend line and many more
- HL formation
- Double bottom to the previous candle
Comment: Not the best of trades..Moving on to the next one.
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