GBPJPY is close to a key daily structure.
pay attention to how the price is contracting on 4H.
it is just coiling in a rising wedge pattern showing the local bullish exhaustion!
our trading plan is the following:
let's wait for a bearish breakout of its support and sell the pair.
Target levels will be: 130.660 / 127.1
stop will be above the higher high within the wedge!
Attention here: I don't say that the market will just drop,
we need a breakout condition to be met before shorting!
please, support the idea with like and comment!
thank you!
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