GBPJPY has rejected support area with tailed pin bar

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Paun British / Yen Jepun (FX:GBPJPY)

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FX:GBPJPY Paun British / Yen Jepun

trendanalysis supportandresistance candlestick gbpjpy priceaction pat

As we can see this market is in Bullish trend and now market has been pulled back towards its support areas which is nearly at 148.51 and 147.75 with obvious long tailed pin bar. This trade setup has good confluence factor such as trend, 50 ema, horizontal level and pin bar signal itself. We will be buying this market, let's see how this market unfolds from here. good trading!

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