Continous range trading : short towards support zone..

GBP has not been able to move above current strong resistance and has been ranging , with current rejection in 4hr we expect price to fall further towards support zone.

Therefore we are looking to sell GBPJPY @ current levels with stop above resistance zone.

In these articles we post intraday possible outcomes of pairs based on naked trading setup only .. We do not take into account fundamental news which may move pair significantly in any direction , follow your trading plan .