GBPJPY - BREAK OUT OF FAKE OUT?

12 Kas 2023

Hey Traders, looking at this pair we have price boxed in between 185.95 and 184.55. Price bounced off support on Friday suggesting it may test the highs again. Monitoring price action leading into London session for possible SELLS at or above(liquidity grab)resistance. For BUYS I'm looking for a clean break out and retest before taking action. Be prepared to trade either way. If price breaks down to the support level, same strategy. Happy trading
DIONNG