GBPJPY Long

This is the one trade I am excited to see play out. We have the 147.836 level which price had tested 3 times before breaking above. When this price ceiling was exploited, price retested the level and we saw the formation of a double bottom. We have a demand zone coming in between 147.900 and 147.126 coupled with a 50% fib retracement. The positive gradient trend line support adds to the confluence. We will be looking for entries to take long positions on this pair