GBPJPY 4H

May 12, 2020

We’ve broken down quite impulsively. However, we have broken through two very key support/resistance zones without retesting. I’m expecting we retest over the next day. You may need to look at a 15-30M timeframe to look for a turn-up back to the broken lines.

May 12, 2020

Note

Here's a 5-min view. I'd like to see this descending trend line broken to the upside. At which point, it might be the clue to begin looking for a buy up to the broken support/resistance line.

May 13, 2020

Note

This did break up and retest the bottom support/resistance line. It looks to be double bottoming at this time. So, keep an eye on a push back up.