GBPJPY Technical Analysis 30.11.2021 1h chart

As a Monthly Candle coming to a Close Price Action could possibly be a bit difficult to trade so it would be better to wait for Higher Probability Setups with Strong Confirmation to trade and the USE of Proper Risk Management if trade goes against.

Price Action is Consolidating on the 4h Ranging between 151.030 to 151.700, if Price close above 151.700 we have clean Range on the left to Retest the previous 4h/ Daily Support that was formed on 12th November 2021.

For Sells once we get close below 151.030 (4h Strong Support) the Main Target would be 150.400 Weekly Support, those are overall Targets for both Buys and Sells so ideally is to secure positions when possible as price might not Reach those Higher Time Frame (HTF) Targets due to a Monthly coming to a close.