Not even the top of the descending channel visible on the 4-hour chart was enough to stop pound bulls from charging, as GBP/JPY broke past the resistance last week. A combination of risk-taking and improved sentiment in the U.K. enabled the pair to advance towards the 137.00 handle. Stochastic seems ready to head south, though, so price could retreat to the broken channel resistance near the bottom WATR and PWL before resuming its climb.
WO: 136.90
Top WATR: 139.05
Bottom WATR: 134.74
PWH: 137.59
PWL: 134.19
gbp jpy analiza h4.jpg
WO: 136.90
Top WATR: 139.05
Bottom WATR: 134.74
PWH: 137.59
PWL: 134.19
gbp jpy analiza h4.jpg
(Discuss) GBP/JPY today watch 21. Nov. 2016
