Will suport hold up the gbp/jpy?
Price is sitting on a nice support shelf. Although we've had a lower high after many H/H and H/L, the pair does not seem to want to drop below this shelf of suport.
Although there is a Gbp/Jpy butterfly in the making, the pair may retrace for a good R/R without nullifying the butterfly completion. To me, the present support is the immediate factor in price action.
Although there is a Gbp/Jpy butterfly in the making, the pair may retrace for a good R/R without nullifying the butterfly completion. To me, the present support is the immediate factor in price action.
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