Price is still respecting descending channel and is expected to test daily support @116.607 and then start buying long term towards daily resistance @118.868 area.
Price tested support @0.62777 and is respecting ascending channel. It is expected to continue buying on H4 time frame.
Price broke previous ascending channel then created head and shoulders and is currently making a bullish flag. Expecting to buy toward daily resistance @0.86700 area.
Price is respecting ascending channel expected to continue to buy long term to test next daily resistance @1.2740 area.
Price is respecting the ascending channel. It could pullback before it continues buying long term on daily time frame to reach 0.67400 area.
Price is respecting the ascending channel and testing H4 resistance at this time. It could pullback before it continues buying long term on daily time frame to reach 0.90200 area.
Price is testing and possibly breaking the ascending channel it may test H4 support @132.500 area, then continue buying to the next daily resistance @140.772
Long term bullish. Looks like it is creating an ascending channel toward next daily resistance zone.
Until now GBPJPY has been respecting the ascending channel so at this moment I'm expecting the price to buy long term within the channel. If it crosses daily resistance @135.733, the next major key area would be @140.772 daily resistance. It could also break the channel at some point in which case I would look for possible pullback that could lead to either...
Price just tested Daily resistance and may have a pull back short term to test the trend line on H4 time frame, then continue selling on Daily to the next resistance.
Price may continue buying within the channel to resistance on H4 time frame and may keep testing trend line on long term Daily