Price has failed to break H1 demand zone which can be seen with the wick rejections clearly on the H1 and H4 timeframes. Market consolidated and slightly dipped for a liquidity grab before ultimately pushing to the upside before Friday's close. The bullish pennant pattern can be clearly seen via countertrend line (white) and current trend line (black). Extra confluences can be drawn out through fibonacci and moving averages. The structure of the market remains bullish- still longing GBPJPY.
-Brandon Sean
-Brandon Sean
Note
@brandonseantld
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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.