GBPJPY Long Incoming

Weekly Tf

After recovering from this years flash crash GJ has found it way refilling the flash crash wick. While doing so it has created a head and shoulders which is contributing to this impulsive move with having the potential of falling down to 128.771 before turning and making its way back up to 145.000 and even up to 152.500 and beyond up to 161.317. After acquiring 161.317 I can then see GJ going back to retest 139.281 which a support level that has acted as a very strong support level dating all the way back too Oct '08, even being used as resistance in April of '11. g