GBPJPY Long plan
GJ is broadly ranging and complex?
Mid term direction bias still seems to be forming / TBC with a wedge shape formation
Last week's break below 158.65 was rejected with a bounce Monday morning to current levels of 161.2 after liquidity grab
This plan assumes the bounce takes us back up to the previous target resistance and break of the wedge at 163.8 liquidity zone
A retracement to get us in a better risk/reward long - if this is not provided, then a short plan will follow as the bias is towards ranging price action!
Mid term direction bias still seems to be forming / TBC with a wedge shape formation
Last week's break below 158.65 was rejected with a bounce Monday morning to current levels of 161.2 after liquidity grab
This plan assumes the bounce takes us back up to the previous target resistance and break of the wedge at 163.8 liquidity zone
A retracement to get us in a better risk/reward long - if this is not provided, then a short plan will follow as the bias is towards ranging price action!
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