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IAmDavidX
Jun 15, 2021 4:48 AM

GBPJPY, Potential Buy Setup Long

GBP/JPYOANDA

Description

Price had broken out a descended trendline and is currently making a retest at the recently broken out level.

Once a new support is confirmed within the previously broken out zone, we can expect further upside movements towards the 3-week-high

Key Factors:
- Broken out Zone and trendline
- Entry opportunities for a buy setup within or near zone level
- Further confluence or confirmations required for a buy setup, such as retests and rejections
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