Hi Team
This one is straightforward chart analysis.
We are expecting JPY strength.
We may well see GBP weakness in news events on Wednesday.
We are reaching the contraction of a bearish wedge/triangle on the 4H timeframe. We have now seen structure rejection.
Look for follow through and catch this simple sell! Clear invalidation above local resistance.
Good luck, Trade safe
DrBear
This one is straightforward chart analysis.
We are expecting JPY strength.
We may well see GBP weakness in news events on Wednesday.
We are reaching the contraction of a bearish wedge/triangle on the 4H timeframe. We have now seen structure rejection.
Look for follow through and catch this simple sell! Clear invalidation above local resistance.
Good luck, Trade safe
DrBear
