Here is an analysis on GBP/JPY
Currently @ 153.600
We expect the pair to retrace to at least 152.9 which is the 38.2% Fib Ret. before continuing its bullish trend
If the pair falls below 152.9 we'd expect it to test 152.2 and treat this level as support.
The pair is still bullish @ the moment, a bearish move will be confirmed if pair breaks & trade below trendline
Currently @ 153.600
We expect the pair to retrace to at least 152.9 which is the 38.2% Fib Ret. before continuing its bullish trend
If the pair falls below 152.9 we'd expect it to test 152.2 and treat this level as support.
The pair is still bullish @ the moment, a bearish move will be confirmed if pair breaks & trade below trendline
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.