GBPJPY: Your Detailed Trading Plan For Today 🇬🇧🇯🇵

One more instrument that we covered on a today's live stream is GBPJPY.
The market nicely retraced to a solid horizontal support.
On that, the price formed a double bottom formation.

Watch 162.655 - 162.919 horizontal neckline to buy with a confirmation.
You need an hourly candle close above that to confirm a breakout.
Then a bullish continuation will be expected to 164.16 / 165.053 levels.

If the price sets a new low, the setup will be invalid.

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Comment:

The direction is long not short
my fault

Comment:

Check my new analysis on ETHUSD: