GBPJPY has been in an overall buy trend for the past month. We recently saw that it had a healthy 68% retracement around the weekly zone, and has since been consolidating around the price. Because of the overall buy momentum we are going to assume that market is going to want to continue going up, and since it has had its retracement it has formed a buy trend on the smaller time frames. We set up our buy in the latest supply zone with a stop loss underneath the past low wick and past low supply zone. Feeling extremely confident about this analysis and looking forward to making some money on this trade.