GBPJPY TREND BASE TRADE

Expecting a trend-following buy trade from the current price level. The overall market trend is bullish, with a recent breakout of resistance that led to a new high. Now, the market is retesting this former resistance on the daily chart, which we’re viewing as support.

On the 1-hour chart, a double-bottom pattern has formed, and its neckline has broken. We’ll look to enter a trade on the retest.

Entry 197.247
Sl 196.75
Target's 197.84 , 198.07 & 198.35