GBP / JPY
Senior timeframes
Another attempt to increase the players to upgrade the maximum and reach new heights ended with a long upper shadow of the weekly candle. The key zone of resistance still keeps the defense at 150.77 - 152.13 (weekly Kijun + Fibo Kijun + day cloud). The breakdown can strengthen bullish sentiment and open the way to new horizons. But for now, every minor update of the maximum and the subsequent deep decrease weakens the existing advantages of players to increase and increases the chances of the bears to continue the decline and 100% of the daily target.
H4-H1
The support of the H4 cloud and the H1 target were able to keep the pair from falling. However, the downside prospects, in the event of a breakdown of the zone (149 - 148.80), persist. Overcoming the cloud of H4 will add to the support of the upper halves the target of the downside target H4. An important zone of resistance today remains the region 149.70-90, where the efforts of the dead cross N4 and Senkou Span B N1 have united. The fastening above will change the existing balance of power in the lower timeframes and may lead to a new attempt by players to update the maximum extremum.
