Forex Price Action | GBPJPY Attempting a Breakout | Dec. 5th

For the last two weeks the GBPJPY has been attempting to clear the air just under the 133 figure.  Three attempts and three failures in the last two weeks, but the pair is showing the 3 signs of a likely breakout. If the bears think this level will fail, then they clearly have their line in the sand and can look for an intraday price action signal to short.  But if the bulls feel more upside will be found, then look for a breakout retest setup above 133.

price action squeeze pin bar triple top dec 5th

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I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

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