2025 Week 8 GBP/JPY Weekly Strategy

The daily chart is in a descending range with its upper limit around 193.2.
Last week, price came back up to around the range high and is being stopped by resistance, so I think it’s highly likely this will be a week where we continue to expect downward movement within the range.
If it falls, there is of course a chance it breaks below the daily range, but the area around 189.5, marked with the red line, may act as support, so I’ll go in keeping in mind the possibility of a flow of higher lows from there followed by a rise.
If it rises, the strategy will be to follow it by targeting the support/resistance (S/R) flip after the range breakout.