GBPJPY is trading inside a Triangle pattern with the price starting a rebound yesterday on its bottom. A crossing over the MA200 (4h) confirms the bullish extension. The previous bullish wave surpassed the 0.786 Fibonacci to price a High at the top.
Trading Plan: 1. Buy on the current market price.
Targets: 1. 196.900 (0.786 Fib).
Tips: 1. The RSI (4h) is on the exact same levels as December 4th. That was also at the start of the previous bullish wave.