GBPJPY OUTLOOK
Price trading inside bullish channel where it might retrace and do a break and retest.
There might be a potential opportunity for a long with targets reaching the higher order block before taking profit at the recent high (Resistance).
We had already marked the Key Levels.
Impulse long entries can be taken when it reaches that level.
We had our longs set up with potential upside in the R:R ratio of 1:5.
Price trading inside bullish channel where it might retrace and do a break and retest.
There might be a potential opportunity for a long with targets reaching the higher order block before taking profit at the recent high (Resistance).
We had already marked the Key Levels.
Impulse long entries can be taken when it reaches that level.
We had our longs set up with potential upside in the R:R ratio of 1:5.