Quoting starfireDislikedWhy don't you explain your reasoning, Marc? GBP/JPY looks to me like it has topped and is having trouble pushing through resistance at 231.60-70 to retest the high - but you seem pretty sure it is going up?Ignored
No, no my friend. I'm not sure. All I say is that it could not break down 230,68 and it could not break up 231,75 neither.
We are stuck here. If we want it down, it should break and hold below 230,68. If we want it up, it should break 231,75 and last highs.
If we have good Uk data in 21 minutes, it could break that 231,75.
And, of course, if we have bad data, it could break that 230,68.
Marc