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.
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
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