GBPJPY 23rd August 2021 London Session

58
Weekly:

Closed previous week right at previous weekly support area. Trend is bearish, but won't be surprising to see a bounce off the support area.

Daily:

Previous daily closed red doji - potential reversal sign. We kicked off today with a strong green candle pushing into the yellow box zone. (resistance)

4hr:

Currently bullish but note that we're hitting the bearish trend line (daily & 4H)

For continuation of bullish momentum, break above yellow box and retest would be a good sign.

1hr:

Entries are break and retest of the marked green lines



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