GBPJPY: Important Decision Ahead 🇬🇧🇯🇵

https://www.tradingview.com/x/oered6fW/

GBPJPY is currently consolidating on a key horizontal resistance.
I see a tiny horizontal range on a 4H time frame.

It feels like the price may drop from that structure.
Our confirmation will be a breakout of the support of the range.

4H candle close below 188.24 will be your bearish signal.
A bearish continuation will be anticipated then at least to 187.75.

Alternatively, remember that a bullish breakout of the underlined blue resistance can be a strong bullish signal.

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