GBP/JPY potential Long
can see that the gbp/jpy is respecting the green trendline on the one hour timeframe. If the price fails to break the resistance (rejects) i expect the price to touch the support zone ( the yellow triangle) and then bouce back up till the resistance.
However if the price manages to break the green trendline and testing the resistance, i would expect to go long once it retests back to the trendline that has now become support, untill it reaches the next resistance
However if the price manages to break the green trendline and testing the resistance, i would expect to go long once it retests back to the trendline that has now become support, untill it reaches the next resistance
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