GBPJPY is in uptrend and we can see a nice setup around POC ( 173.50-40 region ) and deeper pullback 173.25-15 region - POC 2. We can also see a history of buying more in POC 2 then in POC 1 . If we trade from POC 2 towards H3 we should be using trailing stop. Anyway POC1 may also provide buying opportunities. In case of POC2 we can also see a double inner trendline thrust which points to the nice support confluence at L4. Targets are H3 region and H4 as the second TP - 174.20 and 174.56.
The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.
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