Bullish potential on GBP/GPY
GBPJPY gave 2 strong rejections on the 0.618 fib level on the 1H. Price is also at 166.000, this can become a support level. On the 5 minute timeframe, a new HH is made so this means potential bullish movement. Once there is more bullish momentum, potential buys can be possible.
Disclaimer: Always use your own knowledge and analysis.
Disclaimer: Always use your own knowledge and analysis.
Note
Another clean rejection on the 0.618 level on the 1H timeframe. This is the third rejection and the price is forming a support on 166.000.Trade active
Trade is currently up & running with 45 pips in profit. If GBP/JPY makes another HH on the 1H timeframe, feel free to hold it.
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.
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.