Hi dear traders .
Here on GBP JPY as it you clearly see the correction phase has just met 50% of fibo .but because the retracement is a bit strong we expect a deeper correction .
If price will manage to consolidate above 61.8% and loose bearish momentum I think it would be a great long opportunity here.
Thanks for your time .
This is my point of view of current market , and you can analyze the chart before taking any action .
let me know your comment below and leave me a like if it was useful .
Here on GBP JPY as it you clearly see the correction phase has just met 50% of fibo .but because the retracement is a bit strong we expect a deeper correction .
If price will manage to consolidate above 61.8% and loose bearish momentum I think it would be a great long opportunity here.
Thanks for your time .
This is my point of view of current market , and you can analyze the chart before taking any action .
let me know your comment below and leave me a like if it was useful .
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