GBPJPY is in a tertiary trend that has failed. For Plan A, since the daily chart has a bearish bias, then I'll be looking for shorts after a retracement to the 3rd touch of the (descending Trendline) DTL. The 4HR however needs to be bearish along with the daily chart to a short. Plan B would be a buy if the price breaks the DTL and retests it. The 4HR must become bullish to take this trade.
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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.