Looking at the higher timeframes what we may see is that the downtrend is showing signs of weakness with support levels stepping up. In addition to that, we see a bullish divergence in RSI another tell the downtrend is losing its momentum. From structure, we draw an upsloping median line set with a valid slope and we already have the sliding parallel below the lower one acting as support. In case we have the retest of the sliding parallel it will be a nice idea going long with GBPJPY. Sl and tp as shown in the chart.
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