Pound Yen

Good morning Dynamic Traders,

A shorter timeframe chart this morning of the 60 minute GBPJPY below. We are looking for price to break one way or the other. Good support is presented at the RN. There is a possible double bottom in an uptrend however as the candle has not finished, this is not yet confirmed. Price will face the VI as support should it breakdown. Please do your own analysis and employ ESLT as appropriate.














Good Trading!
Bijal Shah