Price is sitting on a nice support shelf. Although we've had a lower high after many H/H and H/L, the pair does not seem to want to drop below this shelf of suport.
Although there is a Gbp/Jpy butterfly in the making, the pair may retrace for a good R/R without nullifying the butterfly completion. To me, the present support is the immediate factor in price action.
Although there is a Gbp/Jpy butterfly in the making, the pair may retrace for a good R/R without nullifying the butterfly completion. To me, the present support is the immediate factor in price action.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.