GBPJPY H1 LONG PRICE ACTION FORECAST

Price action has reached a key level where is showing rejection from the downtrend movement experienced since yesterday. RSI is hovering around the oversold region, giving some support to the bullish reversal that may come.

Fundamentally speaking, GBP has shown a favorable report on the Flash Manufacturing PMI, which might bring some positive force into the British Pound.

The order:
Type: buy-stop
S/L: 47 pips - R:R | 1:2 -
T/P: aiming towards the trendline confluence area

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