RealistFX

GBPJPY - WEEKLY OUTLOOK

FX:GBPJPY   British Pound / Japanese Yen
WEEKLY CHART:
Clear downtrend with the top blue trendline
Currently struggling to close above the weekly 38.2% fib level (see last week wicked to a pip)

DAILY CHART:
Clear Head and Shoulders forming within the currently ascending structure as price moves to retest the top of that weekly falling channel- right shoulder should line up at daily resistance.

4hr CHART:
Price bouncing between the 38.2% Daily and Weekly fib levels, and struggling to break that strong 4hr 200EMA and 800EMA connection.

Buys:
4hr candle body close above 137.000

Sells:
4hr candle body close below 135.400

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