GBPJPY Potential False Breakout of a descending triangle.
Messy PA like yesterday is usually the signal for some traps.
GBPJPY setting up for a false breakout of this descending triangle if 149.60 can hold as support on the next candle or 2.
BRN & psychological level 150.00 sitting just above. A close above this on H1 timeframe and GY looks set for a extended move higher.
GBPJPY setting up for a false breakout of this descending triangle if 149.60 can hold as support on the next candle or 2.
BRN & psychological level 150.00 sitting just above. A close above this on H1 timeframe and GY looks set for a extended move higher.