GBP/JPY DAILY SETUP

- ASCENDING CHANNEL
- NEW HIGHER LOW AT CHANNEL BOUNDARY (3RD TL TOUCH)
- 61.8% FIB RETRACEMENT STILL HOLDING
- BREAK/RETEST OF MONTHLY SUPPORT (BULLISH ENGLUFING)
- HIGHER HIGH EXPECTED AT FIB D1 EXTENSION CONFLUENT WITH CHANNEL BOUNDARY (ABCD PATTERN)
- OVERALL TARGET = 200.000 LEVEL