Bias is for a buy. Price retested my 1HR trendline as support for a third time on Monday at the 194.32 level. The next move I see is carrying price to the last area of resistance at 199.541 Wait for break & retest of structure at 197.342 level to confirm. Hold to 199.541
Short GBPJPY Confluences: Double top Break & retest trendline equal high exits: 188.323 187.995 187.458
Sell to 187.730 zone Confluences: End of prior structure divergence break & retest respect resistance zone
Buy to -27%/trendline Confluences: break & retest divergence double bottom end of prior structure break out of consolidation
Buy to -27% / zone at 188.398 Confluences: B&R trendline divergence -27% on counter trend wait for b&r current zone around 187.258 OR B&R OR B&R at trendline at 187.356
Long to -27% or touch of zone at 187.265 Confluences: -61.8% and divergence After the market sells it must buy
Confluences: 1. Break & retest zone 2. second touch of zone respected as resistance Sell to -27%
Based on my top down analysis. Expecting a buy. Looking to see if price moves upwards from 38.2% on M15 structure or sells to zone (50% / -27 on M5) before continuing a buy.