GBPJPY has made a Higher Low on Daily chart.

Some of you may just call this as, Double Bottom.  That’s OK.  No difference.

Since I am mid-term Bull with this pair, I am hoping to see up moves.

 

2015-10-02_12-03-54-GJ0

 

To confirm the up move is resumed, I would like to see the break of the previous high (182.00) on Hourly chart.

So I think the price should go up for a while if the price breaks 182.00

 

2015-10-02_12-07-00-GJ2

If, on the other hand, the price go down, then try to short again from the re-test of DPP.

 

Hope this setup helps you build your own.

 

 

YJ Baik – Forex.Today @ Tokyo

 

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