GBPJPY - BUY SETUP Midweek
In a clear ascending uptrend on H4 & Daily. Price has been making HH's and HL's has broken above our horizontal level, and looks to have already re-tested and bounced away. I'll be waiting for price to come back to re-test our key level/trend line and show some rejection or a candlestick pattern to signal a buy. Based on the economic calender for GBP there doesn't seem to be much data indicating anything positive or negative so this analysis will be mainly from a technical stand.
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