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

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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.

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١٩ يوليو ٢٠٢٢

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