GBPJPY: Your Trading Plan For Today 🇬🇧🇯🇵
Updated
Hey traders,
GBPJPY is approaching a very peculiar zone of confluence on a 4H:
we see a perfect match between a horizontal resistance, falling trend line
and fib.retracements of the last two impulses.
To catch a bearish move from the underlined zone,
wait for a breakout a bearish flag pattern.
You need 4H candle close below its support to confirm that.
Then a bearish continuation will be expected at least to 156.55 level.
If the price breaks the blue zone to the upside,
the setup will be invalid.
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