MULTI-TIMEFRAME ANALYSIS - GBPJPY - BUY UPDATE
The pair seems to have broken the 4H descending channel and re-tested the structure with its previous close. We can expect the buy to continue towards the support turned resistance of the 4H symmetrical triangle.
Suggested Trades
Buy Entry: 136.000
TP 1: 137.000 (support turned resistance level of symmetrical triangle)
TP 2: 137.900 (high of symmetrical trtangle)
SL: 135.300 (support of descending channel)
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Suggested Trades
Buy Entry: 136.000
TP 1: 137.000 (support turned resistance level of symmetrical triangle)
TP 2: 137.900 (high of symmetrical trtangle)
SL: 135.300 (support of descending channel)
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Note
TP 1 hit before retracement. Check next analysis for update. 
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.