GBPJPY 1HR

On the daily time-frame price has been consolidating but we saw last weeks Thursday candle trying to push to the upside creating a wick and then Friday's candle dropped and closed out of the range created by Thursday's candle. This could be a signal that price is ready to break out of the consolidation with the downside being more favorable. What we could see this week is price might retrace to the upside aggressively all the way to the top of the consolidation range, and then dropping to the downside or a minor retracement before dropping. First target, 1.37300 and second target 1.3650.