Nice price action setup forming on the GBPJPY 4 hour chart. The pair has been forming a wedge on the daily chart since October 2013.
We’ll see how the day closes, but the 4 hour chart is looking quite bullish after forming the pin bar off of the wedge bottom (second chart below).
GBPJPY pin bar on the 4 hour chart
nice setup….. i will long it but keeping in mind the weekly pinbar
Just make sure you’re doing so based on your own due diligence. I’m just here to comment on formations I see, not to be confused with those who provide buy or sell signals. 🙂