Latest 4 hr for GBP / Yen
I have re-attached the GBP/Yen that hopefully some have enjoyed the break out from sub 207 levels.
The long BO bar on the17th was followed by 3 retreating bars before another longish Green belt hold day followed, this pattern is a recognised candlestick continuation pattern, which has lead to further increases up to just under the 210 level.
This is a level for some reduction as previous resistance as faltered at the 210.6/211.1 level, while it is possible these areas may be breached the momentum is no longer at peak and the likelihoods are high for consolidation or a top.
I have shorted successfully a few times if a top is confirmed and stops with susbsequent reversals are an option to be considered for the courageous.
Good Luck.
