GBPJPY H4 LONG PRICE ACTION FORECAST

After the last strong bullish impulse, this pair has been trading within a consolidation channel. If the price continues to go sideways, we hold our horse before placing a trade.

Now, we should wait for the breakout of the resistance level and retest to enter a long position, where we could expect a subtle bullish impulse towards the projection from the flag's pole, which is close enough to the Fib ext tool projection.

The order:
Type: sell-limit
S/L: 55 pips - R:R | 1:4 -
T/P: pole projection

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