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Jul 3, 2020 11:20 PM

GBPJPY Potential BUY @ clear level of support Long

British Pound/Japanese YenFXCM

Description

Hi everyone this is my first post, I hope you find this information valuable.

GBPJPY has broke and retested a previous support/resistance. I would recommend placing a BUY but ONLY if price action still supports an uptrend when the market opens next week OR if a new bullish price action signal is formed. The market is likely to open below the previous close and may linger around the support before giving a bullish price action signal. I've shown an example of possible Entry, Stop Loss and Take Profit on the chart. I wish you all a good weekend!
Comments
Leonidas76
Looks like a double bottom below the neckline, with an uptrend to follow breaking resistance. Spot on
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