The GBPJPY currency pair is currently trading within a range on the 4-hour chart, with a floor of around 156 and a ceiling around 162.
The price action is forming higher lows beneath a resistance level with equal highs, indicating a potential breakout in either direction.
The presence of liquidity zones above the current price suggests that they could act as a magnet for price movement.
If the price manages to break above the current structure, one could potentially apply the MTB Plancton's strategy for a favorable risk-reward trade.
The price action is forming higher lows beneath a resistance level with equal highs, indicating a potential breakout in either direction.
The presence of liquidity zones above the current price suggests that they could act as a magnet for price movement.
If the price manages to break above the current structure, one could potentially apply the MTB Plancton's strategy for a favorable risk-reward trade.
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