Great British Pound (GBP) / Japanese Yen (JPY) 4H Time Frame
AUGUST 18th UPDATE
As you can see from my last update GBPJPY went exactly as stated and reached its support at 151.175 and even went slightly above. Its has then resisted with that support and been rejected which has led i to reverse and fall back towards its current position which as you can see is sitting flush with the support that was also stated in my last analysis. I believe its going to keep coming down towards the bottom of the support at 148.882 which if rejected then could move onto one of the past supports (green) at 148.487.
I will be doing a update on this chart Saturday 21st August.
If you like my analysis & brief give it a thumbs up. If you have any questions please feel free to leave a comment below or send me a direct message.
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.