GBPJPY 13 - 17 Sept Outlook and Trade Plan

GBPJPY 13 - 17 Sept Outlook and Trade Plan


Structure:

Weekly closed indecision in range
Daily Bullish
4H Bullish

We had formed HH on Friday, and currently we are retesting last 2 weeks range.

My Trade Opportunities:

If we managed to respect previous week range, I'll be comfort for longs above 152.20 targeting recent highs and possible continuation.
If we failed to respect previous week range low, I'll be comfort with shorts on resistance formation below 151.40 putting in consideration 151 level as a critical level to watch reactions once reached.

News:

GBP is having very important news on Tuesday, Wednesday and Friday. So map news time on your chart.

Wishing all a good trading week!

4H Chart:

GBPJPY