GBPJPY – Nice Sell Setup waiting for Break

After moving in choppy manner over the last few weeks, GBPJPY correctively and slowly move to the upside while approaching the sell area of TF structure. Now, it finally looks convincing again...

Yesterday, finally, GBPJPY gor rejected impulsively from the high value area (Inflection point / double top) I have marked from a long time.

Now, the price is forming a small bearish continuation flag in H1 TF. I’m waiting for the break of this flag structure to confirm a further move to the downside.

Lets see how will this pair play out. Good Luck

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Here is the MOA FX technical analysis, please comment below if you have any question.

The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
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I close this trade at BEP. The price didnt have any momentum after breaking the bearish flag from yesterday. Its ussually a mesage from the market that the price is not ready to go and still need further development into a bigger structure