Hi Folk,
Looking at the GBPJPY pair and following on from the break out here we can see that price has been range bound for a few days now.
Rather than interpret the chart as a triangle type of pattern and with price action evolution I can disregard the multiple trend line breaks and false break outs that would have developed and focus on what matters.
Major support and resistance for the pattern
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how to determine buy or sell on the breakout?