GBPJPwhY You Playing?
Ladies and gentlemen, still looking at this beauty. Lot of indecision HTF as price descends down toward a Daily support zone between about 160 and 161.50. Seem the sellers have halted on the pressure and price is consolidating to the right. Down to the 4H we see a strong resistance area made around 163.50-164. If price decides to break up I will be looking toward this area however if price decides to fall out I could see it possibly hitting 160 flat. I see bullish rejections on the HTF with some ok volume candles. Engulfing variation, engulfing and a morning star. We shall see. Happy Trading!
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