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The_Pip_Trader

GBPJPY ANALYSIS

Long
British Pound / Japanese Yen (FX:GBPJPY)  
The_Pip_Trader  
FX:GBPJPY   British Pound / Japanese Yen
Chart Patterns Trend Analysis GBPJPY gbpjpylong breakandretest breakofstructure countertrend Daily Charts 4h 1h 30min
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chartpattern trendanalysis gbpjpy gbpjpylong breakandretest breakofstructure countertrend daily 4h 1h 30min
GBPJPY
Overall structure based on the weekly, daily, 4h and 1h, hence i have a bullish bias on GBPJPY. Price was countertrending and eventually broke and closed above 187.275 1H key support area and also broke countertrend structure and made a retest what is now 187.275 1h key support area. a bullish engulfing candlestick on the 30min and also a double bottom pattern on the 15 min are my confirmations to continue bullish bias on GBPJPY
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