GBPJPY Chart Technical Outlook building a Crab formation, the order block is located at 191.92
The cross is building a Crab formation. This pattern will be completed between 188.73 and 188.68.
We have a previous order block from April 4 between 191.92 and 192.25.
The intraday chart highlights a sequence of higher highs and higher lows. The 15-minute timeframe highlights an ending wedge formation. On a break of the trend of higher lows at 191.65, the measured move target is 190.80.
Resistance: 191.92 (older block), 192.25 (swing high), 193.54 (this year’s peak)
Support: 191.65 (higher lows), 190.80 (measured move), 188.76 (Crab)
