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aadeojo

GBP/JPY False Breakdown Great Buy Opportunity

Long
British Pound / Japanese Yen (FX:GBPJPY)  
aadeojo  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns
3
0
trendanalysis chartpattern
Since the markets are ranging, switching over to 1hr and 4hr analysis to outplay the day traders.
They have taken serious control this week.
False breakdown near the European open due to news, Day traders are silent as of now potentially waiting to take profits.
RSI(5) on 4h chart is at 32
Bollinger bands are extended as well.
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