GBP.

KI wrote: GBPJPY and GBPUSD look ready to go on a run upwards (4 hour)KI.

GBPJPY flying, Cable just warming up. KI.

you have a low at 1.5855
you have a high at 1.5915
so now that the price has retraced from the high and not gone lower yet then if it breaks the current high at 1.5915 it will create a higher high which in turn will be a 123 low breakout.

see the learning section for a better explanation
remo

Hi Remo, could you expand on where you see the 123 low please? I'm a little confused by this.

Thanks
Amo

if this can finish above 1.5915 then that maybe a 123 low based on the 4 hour chart

Hi KI

The GBPUSD based on 4 hour chart its looking bearish due to the test of the breakout point.
Look how it tested it perfectly then dropped. The only time id start to consider a long is if this can finish above 1.5915.
Obviously this can all change in a few hours



DYOR
remo

GBPJPY and GBPUSD look ready to go on a run upwards (4 hour)KI.