GBPJPY ANALYSIS

WE CURRENTLY HAVE A BROKEN TREND LINE WHICH AT THE MOMENT IS DECIDING WHERE TO GO
FACTS TO TAKE IN COUNT:
- THE LOWER TREND LINE HAS BEEN TESTED MORE TIME, MEANING THAT THE SELLERS ARE STRONGER
- 4H GREEN SUPPORT LEVEL HAS BEEN TESTED, REPRESENTING A MEANINFUL LEVEL OF CONFLUENCE.
- THE MARKET HAS NOT BEEN ABLE TO MAKE HIGHER HIGHS
- THE MARKET IS CURRENTLY PENETRATING OUR 50EMA

WE WILL WAIT FOR THE LOWER LEVEL OF STRUCTURE TO BE BROKEN AND THEN LOOK OUT FOR TRADING OPPORTUNITIES.