Hi Phil,

I have a question about GBP/JPY regarding Price Action for when you have a spare minute.

Currently price is range bound between todays high and the low of 15.00pm.

What would need to happen for you to go Long Phil?

Would it be a break above  resistance @ 156.20 ish, or a break above todays high?

4 Hr bias is still long, so presuming the low of 18.30 remains intact, would the development of a new 123 sequence (on say a M15 chart) be sufficient to get you long, even if the sequence forms below todays high?Infact the sequence is almost complete, price just needs to break above 156.15 for confirmation.

 Thanks in advance. Ollie