GBPJPY Detailed 1H Analysis June 16-25th
Daily Bullish Flag has been established. See related link. The details of the flag pattern right now is price started making higher lows while continuously making lower highs. Therefore price is respecting support trend line and 200 Bollinger band has squeezed indicating a breakout will occur soon. Being that there is major news next week on the 23rd and 24th price should breakout of flag for major impulsive move to continue up trend. Expecting price to make a swift movement to 156.600 upon breakout. Strong Possibility of continuation to 157.900. These levels are Daily support/resistance levels I have marked through out price history.
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