Weekly Closed the week with weaker bullish engulfing bar than GBPJPY signaling a trend change to bull bias. Confirm with next week candle.
Daily Friday close formed a pinbar (very bearish) with highest volume for the week which i guess a profit taking event coupled with rate cut possibility from BOE. Looking at the volume and situation last friday, we could expect it will retrace to Zone1[1.825-1.835] or even further to Zone2[1.795 to 1.805] next week (before 21July/ RBNZ).
My trading plan Look for bull signal during the above-mentioned retracement. EP- 1.825-1.835 and 1.795 to 1.805 TP- 1.885-1.930 Zone SL- <1.768