15 min GPY JPY

5 thg 10, 2022

15 min GBP JPY
Price is moving inside the bullish channel crossing from 4 HR to 1 HR support zone. Despite that price had been moving sideways, price had created candles with wicks that rejected from pushing lower than support. Price is slowly breaking 1 HR support possibly crossing 4 HR resistance.
There is an area of support with a history of Bullish OB from earlier today.
I’d like to see if price continues to push up to retest the resistance zones. Price may get stopped at previous HH with highest price level (green line) from 1 HR time frame.
Another confirmation that we’re still on bullish bias is due to previous HLs and HHs from earlier today. Price had been on bullish momentum since 10/02. Also price appears to be inside a higher right leg of a DB which is also one of the examples of a bullish market pattern.