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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TP 1 hit before retracement. Check next analysis for update.