GBPJPY: Your Trading Plan For This Week 🇬🇧🇯🇵

GBPJPY reached a solid horizontal structure resistance last week.
The pair started to consolidate within a narrow trading range then.

To short wisely, I suggest waiting for a bearish breakout of its horizontal support.
You need an hourly candle close below 163.58 - 163.67 area to confirm the breakout.

Then, a bearish continuation will be expected at least to 162.1 level.

Alternatively, if the price breaks the resistance of the range to the upside, a bullish continuation will be expected.

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️

Commento:

Watch my new video on S&P500:

02:27