JasonFosterII

GBPJPY June 1st Analysis

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OANDA:GBPJPY   英鎊 / 日圓
Was waiting to see what continuation pattern would form after last 4H pennant breakout. Looks like a 1H/4H Flag is forming for the next continuation to the upside. Still looking for price to hit 157 at weekly Fib level -23.6%. TP 1 at Weekly resistance level 156.600 and TP 2 at 157. Once price reaches 157 we will see how the market reacts at that level. 157 level could be a continuation point or a pull back level.
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