Description
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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.
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