GBPJPY LONG TRADE SETUP

Hi everyone:

Looks like we might get a long trade opportunity on GBPJPY in the up coming days. WE can see that the 4 hr chart has broken out of the resistance trend line, and made a new high. If the price action can pullback and form a higher low, it would be a nice risk:reward entry up to the next resistance area.

Wait for a nice rejection, confirming the higher low and trend change before entering the long position.

Thank you for your support and feedback.

Komen:

Here is the daily chart:

Komen:

no rejection yet, so no entry

15:00 GMT