MineshFX

GBPJPY Long - Parallel trendline support bounce

FX:GBPJPY   British Pound / Japanese Yen
Looking at the first two support line bounces from the up-trend line we see consolidation appears after an outburst in buying volume , followed by a bullish breakout of the consolidation period; flying prices higher.
Very similar set-up for the third support line bounce. Consolidation is currently occuring/breaking out to the upside, allowing us to open multiple long positions.

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