VasilyTrader

GBPJPY: Important Decision Ahead 🇬🇧🇯🇵

Short
OANDA:GBPJPY   British Pound / Japanese Yen

GBPJPY is currently consolidating on a key horizontal resistance.
I see a tiny horizontal range on a 4H time frame.

It feels like the price may drop from that structure.
Our confirmation will be a breakout of the support of the range.

4H candle close below 188.24 will be your bearish signal.
A bearish continuation will be anticipated then at least to 187.75.

Alternatively, remember that a bullish breakout of the underlined blue resistance can be a strong bullish signal.

❤️Please, support my work with like, thank you!❤️

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.