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Jimbololoy

GBPJPY LONG, waiting for retest, sign of strengths

Long
British Pound / Japanese Yen (FX:GBPJPY)  
Jimbololoy  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Support and Resistance Trend Lines higherlow gjlong GBPJPY LONG retest breakout
10
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trendanalysis supportandresistance trendline higherlow gjlong gbpjpy long retest breakout
GJ has made higher lows, a classic set up of finding strength in the price.
All we have to do is wait for it to break the trend line and previous resistance.

Can either breakout trade or wait for retest, depends on the next coming candle if it has a long momentum candle with large body.

If it ever the price bounced off the resistance or trendline, and breaks off support too, will now find short opportunities.

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