Envious_

GBPJPY Long Idea

Panjang
OANDA:GBPJPY   Paun British / Yen Jepun
Price is currently in the process of correcting the bearish move on the left hand side and because price failed to break past the previous higher low, this indicates that GBPJPY will still push higher to test other areas of resistance. Furthermore, price has broken out of the consolidation zone aggressively with a momentum candle, which confirms that buyers are still in this pair. I will be waiting for a retest of the support before considering an entry. Hope this analysis helps :)

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