Paun British / Yen Jepun
Panjang

GBPJPY Inside Set Up - Break to `98

26
The last 5 candles are of interest

1. Thurs 15th August - we have a bullish trending candlestick , which is the Mother bar

2. Fri 16th August - prints an inside bar

3. Mon 19th August - is a Fakey , with a bullish pin bar that fails to break to the downside. This is a false break or bear trap.

4. Tues 20th and Wed 21st - pretty much mirror image inside bars.

5. Today is setting up so far with a bullish trending candlestick.

The scenario is for a break of the Mother bar to the upside. Retest and then rally to the immediate daily Supply Zone of 198.00

Penafian

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