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British Pound / Japanese Yen
Long

GBPJPY: Potential Trend-Following Trade Explained 🇬🇧🇯🇵

By VasilyTrader
Updated
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Hey traders,

GBPJPY is retesting a recently broken daily key level.
On that, the price formed a double bottom formation with a higher low.
To catch a trend-following move, wait for a neckline breakout.

Your trigger is a bullish violation of 156.7 - 156.9 local structure cluster (you need candle close above),
then buy aggressively or on a retest.

First goal - 158.4

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Double Top or BottomForexGBPJPYjapaneseyenMultiple Time Frame AnalysisSupport and ResistanceTechnical Analysistradingyen
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