GBPJPY Buy Setup

2020年10月25日

on H4: GBPJPY is overall bearish trading inside our blue channel and it is currently approaching a strong support level 136.0 in green so we will be looking for trend-following buy setups on lower timeframes.

On M30: GBPJPY is retesting our lower blue trendline from H4, so as price approaches our 136.0 support, we will be waiting for a third swing to form around our upper red trendline to consider it valid and buy on its break upward.

Good Luck!