H4 Timeframe
Price presenting bullish structure, price has approached the support of the previous long term consolidation. We could see price break within this structure and continue backup to resistance.
M15 Timeframe
Price currently consolidating on the lower timeframe, the current resistance is the H4 consolidation support.
Plan of Action
I will be waiting for a break above resistance and then be waiting for a retest to confirm my bias before entering the market.
GBPJPY
Price presenting bullish structure, price has approached the support of the previous long term consolidation. We could see price break within this structure and continue backup to resistance.
M15 Timeframe
Price currently consolidating on the lower timeframe, the current resistance is the H4 consolidation support.
Plan of Action
I will be waiting for a break above resistance and then be waiting for a retest to confirm my bias before entering the market.
GBPJPY