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GBPJPY Buy Setup

Panjang
Paun British / Yen Jepun (FX:GBPJPY)  
TheSignalyst  
FX:GBPJPY   Paun British / Yen Jepun
Trend Analysis Wave Analysis Gann GBPJPY Parallel Channel chart priceaction trend reversal reversalpattern Forex pound
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trendanalysis waveanalysis gann gbpjpy parallelchannel chart priceaction trend reversal reversalpattern forex pound
on H4: GBPJPY is overall bearish trading inside our blue channel and it is currently approaching a strong support level 136.0 in green so we will be looking for trend-following buy setups on lower timeframes.

On M30: GBPJPY is retesting our lower blue trendline from H4, so as price approaches our 136.0 support, we will be waiting for a third swing to form around our upper red trendline to consider it valid and buy on its break upward.

Good Luck!
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