GJ has been consolidating after last nights bullish push, now price is trading within certain zones and once price shows enough momentum to the upside or downside, a trade should be taken with the trend. This chart shows 1:5 trades. this is where being patient helps a lot.
1-4 hour chart shorts on GBPJPY
The past week and a half we've been seeing the Euro going down due to soaring gas prices and the war between Russia and Ukraine.
Also with that, looking at the charts we can see that GJ is at a support that rejected on many timeframes. If we see this support break and price move to the downside it will be a good position to short...
USDJPY coming to a huge resistance, it has been respecting that resistance zone for quite some time now.
Time to wait for confirmation to get in a sell to the support zone. Chart set, take a look
Stop loss just over that resistance zone. 15-20 pips
