GBP/JPY Continuation Signal Around 218.724

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GBPJPY Hourly, Daily And Weekly Candle Charts GBPJPY is trading near 218.510 against the daily pivot at 218.059, so the chart set below separates the intraday reaction from the daily close and the wider weekly position. GBPJPY H1 candlestick chartHourly price action with price near 218.510 needs range acceptance before the signal improves. The price-action test is sellers closed the latest candle below its open inside a 218.475-218.679 candle range, the recent sequence is compressed and two-sided, while price remains above pivot 218.059. The trade idea needs the next hourly close should either defend the reaction zone or expose a false start; In relation to invalidation, a break back through...