GBP/JPY Trade Idea

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Hello and welcome to my Trade Idea of the currency pair GBP/JPY.

Lets start with the Top Down Analysis.


H4: The h4 timeframe is overall bullish but the last hours are bearish with a nice bearish engulfing candlestick pattern.


H1: On the h1 timeframe we see the LL (Lower Low) in more detail. That's why the trend is bearish temporarily.


M15: Here we draw the counter trendline and expect a push to the lows.


Have a nice day.

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