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Monthly Structure for GBPJPY in a Daily timeframe is OHLC (Open High Low Close) price setting up for monthly sells.
Current Priceline is also within the sell pressure zone. Patience, we currently waiting for a TDI cross. Priceline must cross below bloodline to confirm the presence of sellers in market.
Caution as this is the open of a new year hence price is bound to consolidate.
After the daily TDI cross plays out, switch to H4 and be on the lookout also for OHLC and a TDI cross to confirm sells before executing trades in M15.
Trade with Caution. Wait for valid entries.
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