GBPJPY sidemove with tendency to go short down.

GBPJPY seems to be moving sideways, showing a tendency to go short. Many retail traders favor trading GJ. I entered the market in the upper region of the previous range that GJ has been following. GJ had an uptrend initially, but since summer, it has been gradually consolidating within a range. It has touched the upper range line at least five times. Now, I believe it's likely to come down, probably settling around the middle of the range.And for the future it will leave the range and continue the uptrend.

Kommentera:

I think it will play the range. My concerne here ist the nice N Waves up from the button of the range, than a retrace and now up on the top. But a second sell ist possibel. For the ichimoku fans in h4 are signs for an uptrend.