snapshot
Hello, Friends!

GBP-JPY downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 197.213 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the GBP/JPY pair.

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We are seeing a good move already so we will keep the trade running!
Bullish PatternsbuyChart PatternsforecastForexGBPJPYLONGtecnhicalanalysistradingTrend AnalysisWave Analysis

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