GBPJPY is currently sitting on a major level of structure with the Daily 55 and 200 EMA’s acting as dynamic resistance above.

Price is testing a level of structure that produced a 700 pip bounce the last time we were here, and I am hoping for something similar this time round.

Daily
GBPJPY Daily

4 Hour
GBPJPY 4 Hour

1 Hour
GBPJPY 1 Hour

GBPJPY-05.09.17

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