GBPJPY Long Idea: Bullish Retest of Key Support LevelBritish Pound vs Japanese YenICMARKETS:GBPJPYhammad69918Hello TradingView Community, This post outlines a potential long trade setup for the British Pound / Japanese Yen (GBPJPY) currency pair, based on the 15-minute chart. Technical Analysis: The pair is currently exhibiting a bullish market structure, with a clear uptrend in place. A key horizontal level can be identified at approximately 198.196. This level previously acted as a resistance point. After a period of consolidation, the price broke out decisively above this level, indicating strong buying pressure. The trading idea is based on the principle of "resistance turning into support." We are looking for a pullback to this 198.196 level, which is now expected to serve as a new support floor. A successful retest and bounce from this area would present an opportunity to join the prevailing bullish trend. Trade Setup: The long position tool on the chart visualizes a potential trade plan based on this scenario: Entry: Approximately 198.196 (at the retest of the new support). Stop Loss: 197.412 (placed below the key support level to invalidate the idea if the support fails). Take Profit: 200.627 (targeting a new higher high in the trend). This setup provides a structured plan with a favorable risk-to-reward ratio for a potential continuation of the upward move. Disclaimer: This is a trading idea for educational and discussion purposes only and should not be taken as financial advice. Trading foreign exchange involves significant risk. Please conduct your own research and manage your risk accordingly before entering any trade.