GBPJPY H4 OUTLOOK 12 JUNE 2017
New Low (LL) is formed, hence downtrend is still in play. Next target support will be looking at 139 area.
However, do monitor Daily as it is at our Golden Ratio Area (GR) and above the trend line.
142.765 remains as our previous high (LH). Break of that level will indicate a trend change in the 4 Hour Chart and Long Continuation in the Daily.
However, do monitor Daily as it is at our Golden Ratio Area (GR) and above the trend line.
142.765 remains as our previous high (LH). Break of that level will indicate a trend change in the 4 Hour Chart and Long Continuation in the Daily.
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