GBP/JPY Continuation Through 218.474 with Confirmation Needed

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GBP/JPY Continuation Through 218.474 with Confirmation Needed

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GBPJPY Hourly, Daily And Weekly Candle Charts GBPJPY is trading near 218.387 against the daily pivot at 218.218, so the chart set below separates the intraday reaction from the daily close and the wider weekly position. GBPJPY H1 candlestick chartAcross the hourly tape with price near 218.387 has a constructive tilt if the next retest holds. The price-action test is sellers closed the latest candle below its open inside a 218.367-218.445 candle range, the recent sequence is still pressing higher, while price remains above pivot 218.218. The trade idea needs the next hourly close should either defend the reaction zone or expose a false start; In relation to invalidation, a...

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