The_Pip_Trader

GBPJPY ANALYSIS

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FX:GBPJPY   Libra Esterlina/Iene Japonês
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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