Paun British / Yen Jepun
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GBPJPY Trading Plan for next week...

231
Weekly market structure (channel) and trend is bearish overall.
Daily price is still trading within bearish flag/channel.
Two options for next week, bullish and bearish:
- Price honours lower daily channel and reverses higher, will buy on re-test of horizontal support.
- Price collapses lower and breaks out of daily channel resistance line. Sell on re-test of horizontal support.
Nota
Price has now moved higher and broken through 133.666, looking for a re-test of this level, 1st target 136.090

Penafian

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